In Q1 2015, China UnionPay’s total transaction value exceeded USD$1.9 trillion globally according to the latest data, which also means China UnionPay surpassed VISA for the first time in transaction value, becoming the biggest card liquidation organization in the world. According to the financial report of VISA, the total transaction value of VISA was USD$1.75 […]
On 12 February 2015, People’s Bank of China announced China’s Payment Market Report 2014. The report showed in 2014, the total transaction volume and value of non-cash business were 62.752 billion and RMB1,817.38 trillion (US$294.70 trillion) with YoY growth rate of 25.11% and 13.05% respectively.
In 2013, transaction volume of China commercial banks exceeded 124.54 billion with e-banking replacement rate of 79%. China commercial banks are now focusing on mobile payment and it is estimated that they will be transformed into the mechanism based on e-bank online payment, assisted by phone payment, self-service terminal, WeChat payment banks and various e-channels in […]
In October 2014, total online display advertising spend of banking service brands exceeded RMB58.29 million (US$9.15 million) in China.
China e-banking service is developing rapidly, especially mobile banking service. In 2014, mobile banking users increased by 50% from the same period of prior year. However, online banking still dominates the e-banking service in terms of safety. 72% e-banking users consider online banking the safest according to China Financial Certification Authority (CFCA).
In September 2014, total online display advertising spend of banking service brands exceeded RMB88.61 million (US$14.42 million) in China.
In July 2014, total online advertising spend of banking service brands exceeded RMB74.98 million (US$12.21 million) in China. Among all the banking service brands, China Communication Bank spent RMB19.36 million ($3.15 million) in online advertising in July, ranking first, followed by Industrial and Commercial Bank of China and China Construction Bank according to data from […]
China total number of e-banking transactions of commercial banks exceeded 125.54 billion in 2013 according to iResearch data.
In 2013, 77.1% of e-banking users in China used online banking with a slight increase from last year in China; 44.6% used mobile banking. with an obvious increase by 15.7% from the previous year, according to data from iResearch.
This is part 3 of a series of posts that walk you through a variety of stats on China credit card users. Part 1, Part 2, Part 4. In the past year, Chinese consumers preferred to open a credit card offline, and 43.3% users went to bank branches according to iResearch. Another popular method was […]
This is part 2 of a series of posts that walk you through a variety of stats on China credit card users. Part 1, Part 3, Part 4. Chinese credit cards market is prosperous, the number of credit card holders increased greatly from 2012 to 2013. According to iResearch, Chinese netizens credit card penetration reached 82% […]
Bitcoin’s price has been surging crazily in the recent, it hit an apex of USD 1,240 on December 5 2013. Early in January this year, Bitcoin’s price was USD 13. Chinese buyers played an important role in the surging of Bitcoin. BTC China daily transaction ranked top in the world, even some taobao sellers accepted […]