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% […]
This is part 1 of a series of posts that walk you through a variety of stats on China credit card users. Part 2, Part 3, Part 4. iResearch released China credit card holders behavior report from 2012 to 2013 in the recent. From October 2012 to October 2013, Chinese credit card holders showed a […]
iResearch’s report showed that current Chinese consumers’ cross-border payment included cross-border online shopping, cross-border transfer and cross-border offline shopping. Most consumers used cross-border online shopping, with 65.7%. And 39.5% consumers regarded it as the most frequently used payment.
Since the launch of Baidu Finance Center on October 28, 2013, Sina Weibo, with 500 million users, also announced on October 30 that it would launch a finance product – Weibo finance platform.
Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing. At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all […]
With the twin forces of the tough situation in retail industry and existing card charges, businesses’ profits are being battered. People have got used to card purchasing According to the research from CCFA, the proportion of credit card purchasing is increasing with the year-on-year growth of 30%. The domestic card spending has surpassed 16 trillion […]
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).
The number of credit cards issued by Chinese banks could quadruple to 800 million or more by 2020, up from 200 million today.
From 2004 through 2009, credit card adoption in China has been growing an average of 40% annually, says Euromonitor International.