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The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020

Published: May 19, 2016 | Pages: 67 | Publisher: Timetric | Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Chinese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, and credit transfers during the review period (2011-2015). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. The report brings together Timetric's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.
Summary
Timetric's 'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Chinese cards and payments industry, including: Current and forecast values for each market in the Chinese cards and payments industry, including debit card, credit and charge cards. Detailed insights into payment instruments including credit transfers, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments. E-commerce market analysis. Analysis of various market drivers and regulations governing the Chinese cards and payments industry. Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards. Comprehensive analysis of consumer attitudes and buying preferences for cards. The competitive landscape in the Chinese cards and payments industry.
Scope
This report provides a comprehensive analysis of the Chinese cards and payments industry. It provides current values for the Chinese cards and payments industry for 2015, and forecast figures to 2020. It details the different demographic, economic, infrastructural and business drivers affecting the Chinese cards and payments industry. It outlines the current regulatory framework in the industry. It details marketing strategies used by various banks and other institutions.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to the Chinese cards and payments industry and each market within it. Understand the key market trends and growth opportunities in the Chinese cards and payments industry. Assess the competitive dynamics in the Chinese cards and payments industry. Gain insights into marketing strategies used for various card types in China. Gain insights into key regulations governing the Chinese cards and payments industry.
Key Highlights
The People's Bank of China - the country's central bank - announced in March 2016 that it is contemplating a cap merchant on service charges on card transactions. According to the National Development and Reform Commission (NDRC) and the central bank of China, merchant service charges for debit cards will be capped at 0.35%, while those on credit cards will be no more than 0.45%. Prior to this new policy, banks could charge a maximum 0.9% on card payments. The central bank of China said that the development will take effect on September 6, 2016. This would result in saving of US$1.2 billion (CNY7.4 billion) for merchants in a year. With reduction in revenue, card issuers are likely to cut card benefits for consumers, and instead look at new ways to generate revenue. The emergence of digital-only banks is likely to accelerate a shift towards electronic payments in China. WeBank which was launched in January 2015, became the country's first digital only bank, allowing consumers to conduct banking transactions entirely online and via mobile phones. WeBank's launch was followed by the launch of MYBank and Baixin Bank in June and November of 2015 respectively. The uptake of alternative payments among Chinese consumers is gaining traction due to the availability of a number of options, such as Alipay, Tenpay and PayPal. In April 2016, Chinese smartphone maker Xiaomi collaborated with China UnionPay (CUP) to introduce its own m-payment service. Similarly, Chinese mobile manufacturer Huawei Technologies entered into a partnership with CUP in March 2016 to launch its m-payment service, Huawei Pay. In February 2016, Apple Pay entered the Chinese market in partnership with CUP. Following the launch of Apple Pay, South Korean company Samsung also launched its m-payment service in China in March 2016, in alliance with CUP. The entry of new alternative payment solutions such as Apple Pay, Samsung Pay, QuickPass and Huawei Pay is likely to intensify competition in China's alternative payments market.
 Table of Contents
1 Definitions and Methodology 1.1 Definitions 1.2 Methodology 2 Key Facts and Events 3 Executive Summary 4 Payment Instruments 4.1 Current Payment Environment 5 E-Commerce 5.1 E-Commerce Market Analysis 6 Alternative Payments 6.1 Alternative Payment Instruments 6.1.1 Alipay 6.1.2 Tenpay 6.1.3 Apple Pay 6.1.4 Samsung Pay 6.1.5 PayPal 6.1.6 Huawei Pay 7 Regulations in the Cards and Payments Industry 7.1 Regulatory Framework 7.1.1 CUP's payment guidelines 7.1.2 E-commerce regulation 7.1.3 Regulation on merchant service charge 7.2 Anti-Money Laundering (AML) 7.3 Foreign Direct Investment (FDI) Regulations 8 Analysis of Cards and Payments Industry Drivers 8.1 Demographic Drivers 8.2 Economic Drivers 8.3 Infrastructure Drivers 8.4 Business Drivers 9 Market Segmentation and New Product Launches 9.1 Market Segmentation and Targeting 9.1.1 Consumer cards 9.1.2 Commercial cards 9.2 New Product Launches 10 Payment Cards 10.1 Payment Cards Market Analysis 10.1.1 Volume and value of payment card transactions by type 11 Debit Cards 11.1 Debit Card Market Analysis 11.1.1 Turnover per debit card and transaction values by channel 11.1.2 Debit card scheme and issuer shares in terms of transaction value 11.1.3 Debit cards comparison 12 Pay Later Cards 12.1 Pay Later Cards Market Analysis 12.1.1 Turnover per pay later cards and transaction values by channel 12.1.2 Pay later cards scheme and issuer shares in terms of transaction value 12.1.3 Pay later cards comparison 13 Commercial Pay Later Cards 13.1 Commercial Pay Later Cards Market Analysis 13.1.1 Commercial cards comparison 14 Card Issuers 14.1 Agricultural Bank of China 14.2 Industrial and Commercial Bank of China 14.3 China Construction Bank 14.4 Bank of China 14.5 China Merchants Bank 15 Prepaid Cards 15.1 Prepaid Card Market Analysis 15.1.1 Prepaid cards comparison 16 Appendix 16.1 Tables 16.2 Contact Timetric 16.3 About Timetric 16.4 Timetric's Services 16.5 Disclaimer
List of Tables
Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: China - Key Facts, 2015 Table 4: Regional Benchmarking of Chinese Payment Cards, 2015 Table 5: Comparative Assessment of Alipay and Tenpay, 2015 Table 6: China - Mode of Entry of Foreign Banks Table 7: Cards for High-Income Consumers, 2016 Table 8: Cards for Travelers, 2016 Table 9: Cards for Shoppers, 2016 Table 10: Cards for Students and the Young Population, 2016 Table 11: Commercial Cards Comparison and Key Features, 2016 Table 12: China - New Product Launches Table 13: China - Debit Cards Comparison and Key Features, 2016 Table 14: China - Gold Credit Cards Comparison and Key Features, 2016 Table 15: China - Premium Credit Cards Comparison and Key Features, 2016 Table 16: China - Charge Cards Comparison and Key Features, 2016 Table 17: China - Commercial Pay Later Cards Comparison and Key Features, 2016 Table 18: China - Prepaid Cards Comparison and Key Features, 2016 Table 19: China - Payment Instrument Transaction Values (CNY Trillion), 2011-2015 Table 20: China - Payment Instrument Transaction Values (US$ Trillion), 2011-2015 Table 21: China - Payment Instrument Transaction Volumes (Million), 2011-2015 Table 22: China - Number of Payment Cards in Circulation by Type (Million), 2011-2020 Table 23: China - Volume of Payment Card Transactions by Type (Million), 2011-2020 Table 24: China - Value of Payment Card Transactions by Type (CNY Billion), 2011-2020 Table 25: China - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020 Table 26: China - Number of Debit Cards in Circulation (Million), 2011-2020 Table 27: China - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 28: China - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 29: China - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 30: China - Number of Debit Cards in Circulation By Scheme (Million), 2011-2015 Table 31: China - Debit Card Transaction Values By Scheme (CNY Trillion), 2011-2015 Table 32: China - Debit Card Transaction Values By Scheme (US$ Trillion), 2011-2015 Table 33: China - Debit Card Transaction Values by Issuer (CNY Billion), 2011-2015 Table 34: China - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015 Table 35: China - Number of Pay Later Cards in Circulation (Million), 2011-2020 Table 36: China - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 37: China - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020 Table 38: China - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020 Table 39: China - Number of Pay Later Cards in Circulation By Scheme (Million), 2011-2015 Table 40: China - Pay Later Card Transaction Values By Scheme (CNY Trillion), 2011-2015 Table 41: China - Pay Later Card Transaction Values By Scheme (US$ Trillion), 2011-2015 Table 42: China - Pay Later Card Transaction Values By Issuer (CNY Billion), 2011-2015 Table 43: China - Pay Later Card Transaction Values By Issuer (US$ Billion), 2011-2015 Table 44: China - Number of Credit Cards in Circulation (Million), 2011-2020 Table 45: China - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 46: China - Credit Card Total and Average Transaction Values by Channel, 2011-2020 Table 47: China - Credit Card Total and Average Transaction Values by Channel, 2011-2020 Table 48: China - Number of Credit Cards in Circulation By Scheme (Million), 2011-2015 Table 49: China - Credit Card Transaction Values By Scheme (CNY Trillion), 2011-2015 Table 50: China - Credit Card Transaction Values By Scheme (US$ Trillion), 2011-2015 Table 51: China - Number of Charge Cards in Circulation (Thousand), 2011-2020 Table 52: China - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 53: China - Charge Card Total and Average Transaction Values by Channel, 2011-2020 Table 54: China - Charge Card Total and Average Transaction Values by Channel, 2011-2020 Table 55: China - Number of Charge Cards in Circulation By Scheme (Million), 2011-2015 Table 56: China - Charge Card Transaction Values By Scheme (CNY Billion), 2011-2015 Table 57: China - Charge Card Transaction Values By Scheme (US$ Billion), 2011-2015 Table 58: China - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020 Table 59: China - Personal and Commercial Pay Later Card Transaction Values (CNY Billion), 2011-2020 Table 60: China - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020 Table 61: China - Number of Commercial Pay Later Cards in Circulation (Million), 2011-2020 Table 62: China - Commercial Pay Later Card Transaction Values (CNY Billion), 2011-2020 Table 63: China - Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020 Table 64: China - Commercial Pay Later Card Transaction Volume (Million), 2011-2020 Table 65: China - Number of Prepaid Cards in Circulation (Million), 2011-2020 Table 66: China - Prepaid Card Transaction Values (CNY Billion), 2011-2020 Table 67: China - Prepaid Card Transaction Values (US$ Billion), 2011-2020


List of Figures
Figure 1: China - Payment Instrument Shares by Transaction Value (%), 2011 vs 2015 Figure 2: China - Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015 Figure 3: China - E-Commerce Value (US$ Billion) and Payment Types (%) Figure 4: China - Total Population and Structure Figure 5: China - Economic Indicators Figure 6: China - Number of ATMs, POS Terminals and Banking Structure Figure 7: China - Real Household Consumption and Outbound Tourist Expenditure Figure 8: China - Segmentation by Card Type, 2016 Figure 9: China - Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2011-2020 Figure 10: China - Volume and Value of Payment Card Transactions by Type (%), 2011-2020 Figure 11: China - Debit Card Penetration and Number of Debit Cards in Circulation, 2011-2020 Figure 12: China - Turnover Per Debit Card and Transaction Values by Channel, 2011-2020 Figure 13: China - Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015 Figure 14: China - Pay Later Cards Penetration and Number of Pay Later Cards in Circulation, 2011-2020 Figure 15: China - Turnover Per Pay Later Cards and Transaction Values by Channel, 2011-2020 Figure 16: China - Pay Later Cards Scheme and Issuer Shares in Terms of Transaction Value (%), 2015 Figure 17: China - Pay Later Commercial vs Personal Cards, Transaction Volumes and Values (%), 2011-2020 Figure 18: China - Number of Commercial Pay Later Cards in Circulation, Transaction Value and Volume, 2011-2020 Figure 19: China - Number of Prepaid Cards in Circulation and Transaction Values, 2011-2020

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