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May 15, 2012 by Leave a Comment

CHARTS: Credit Card Payment in China

China Credit Card Payment 2008-2011

China Banking Association recently released a study “Chinese Credit Card Industry Development Blue Book 2009-2011″ showing that total credit card transactions in 2011 totaled 7.56 trillion yuan (about USD 1.2 trillion).

Total Number of Credit Cards Issued in China

There were about 290 million credit cards issued last year, up 24.3% from 2010.

Credit Card Acceptance in China

Over three million merchants with over 4.8 million POS terminals accept payment by credit card last year.

Total Credit Card Transactions

The number of transactions totaled 2.85 billion in 2011.

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