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Financial Cards and Payments in China

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    Report

  • 45 Pages
  • November 2024
  • Region: China
  • Euromonitor International
  • ID: 2734955
In 2024, the Chinese economy has continued to be characterised by economic slowdown and a deflationary spiral. Many consumers have been holding off on discretionary spending and investment, as they expect the prices of goods and services to fall in the future. Both debit cards and pre-paid cards are expected to see progress in 2024 in terms of cards in circulation and current value transactions, as social activities and travel demand return following the end of pandemic restrictions.

The Financial Cards and Payments in China report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, Mobile Payments, Transactions.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Financial cards and payments in 2024: The big picture
  • 2024 key trends
  • Making payments easier for inbound tourists
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2019-2024
  • Table 2 Number of ATMs: Units 2019-2024
  • Table 3 Value Lost to Fraud 2019-2024
  • Table 4 Card Expenditure by Location 2024
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
  • Table 6 Domestic versus Foreign Spend 2024
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 8 Financial Cards by Category: Number of Accounts 2019-2024
  • Table 9 Financial Cards Transactions by Category: Value 2019-2024
  • Table 10 Financial Cards by Category: Number of Transactions 2019-2024
  • Table 11 Consumer Payments by Category: Value 2019-2024
  • Table 12 Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 13 M-Commerce by Category: Value 2019-2024
  • Table 14 M-Commerce by Category: % Value Growth 2019-2024
  • Table 15 Financial Cards: Number of Cards by Issuer 2019-2023
  • Table 16 Financial Cards: Number of Cards by Operator 2019-2023
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2024-2029
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2024-2029
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2024-2029
  • Table 23 Forecast Consumer Payments by Category: Value 2024-2029
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
  • Table 25 Forecast M-Commerce by Category: Value 2024-2029
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
DEBIT CARDS IN CHINAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Debit card payment remains dominant in China
  • Rural Revitalization debit card is gaining traction
  • Combining card functions to reduce the number of cards carried
PROSPECTS AND OPPORTUNITIES
  • Debit cards in China poised for continued growth
  • Competitive landscape for debit cards set to remain stable
  • Debit cards set to see limited product development
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2019-2024
  • Table 28 Debit Cards Transactions 2019-2024
  • Table 29 Debit Cards in Circulation: % Growth 2019-2024
  • Table 30 Debit Cards Transactions: % Growth 2019-2024
  • Table 31 Debit Cards: Number of Cards by Issuer 2019-2023
  • Table 32 Debit Cards: Number of Cards by Operator 2019-2023
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 34 Debit Cards Payment Transaction Value by Operator 2019-2023
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2024-2029
  • Table 36 Forecast Debit Cards Transactions 2024-2029
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2024-2029
  • Table 38 Forecast Debit Cards Transactions: % Growth 2024-2029
CREDIT CARDS IN CHINAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Downturn continues for credit cards in China
  • Mastercard approved to clear domestic payments in China
  • Digital wallets enable international tourists to pay with overseas credit cards
PROSPECTS AND OPPORTUNITIES
  • Credit cards projected to continue to contract going forward
  • Digital wallet credit cards set to gain traction
  • China will embrace more inbound travel card payments
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 40 Credit Cards Transactions 2019-2024
  • Table 41 Credit Cards in Circulation: % Growth 2019-2024
  • Table 42 Credit Cards Transactions: % Growth 2019-2024
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 44 Commercial Credit Cards Transactions 2019-2024
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2019-2024
  • Table 46 Commercial Credit Cards Transactions: % Growth 2019-2024
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 48 Personal Credit Cards Transactions 2019-2024
  • Table 49 Personal Credit Cards in Circulation: % Growth 2019-2024
  • Table 50 Personal Credit Cards Transactions: % Growth 2019-2024
  • Table 51 Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 52 Credit Cards: Number of Cards by Operator 2019-2023
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 54 Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2019-2023
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2019-2023
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 64 Forecast Credit Cards Transactions 2024-2029
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2024-2029
  • Table 66 Forecast Credit Cards Transactions: % Growth 2024-2029
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 68 Forecast Commercial Credit Cards Transactions 2024-2029
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2024-2029
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2024-2029
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 72 Forecast Personal Credit Cards Transactions 2024-2029
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2024-2029
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2024-2029
PRE-PAID CARDS IN CHINAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Pre-paid card sees slight growth, as demand for travel and commuting return
  • Shanghai introduces pre-paid cards to accommodate inbound travel
  • Personalisation boosts revenue for players
PROSPECTS AND OPPORTUNITIES
  • Demand for pre-paid cards set to contract over the forecast period, especially open loop pre-paid cards
  • Closed loop pre-paid cards set to perform slightly better
  • Regulatory environment likely to remain restrictive
CATEGORY DATA
  • Table 75 Pre-paid Cards: Number of Cards in Circulation 2019-2024
  • Table 76 Pre-paid Cards Transactions 2019-2024
  • Table 77 Pre-paid Cards in Circulation: % Growth 2019-2024
  • Table 78 Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 79 Closed Loop Pre-paid Cards Transactions 2019-2024
  • Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 81 Open Loop Pre-paid Cards Transactions 2019-2024
  • Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 83 Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 84 Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 85 Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 86 Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2024-2029
  • Table 96 Forecast Pre-paid Cards Transactions 2024-2029
  • Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2024-2029
  • Table 98 Forecast Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2024-2029
  • Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 101 Forecast Open Loop Pre-paid Cards Transactions 2024-2029
  • Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2024-2029