Dublin, Aug. 21, 2025 (GLOBE NEWSWIRE) -- The "China Cards And Payments: Opportunities And Risks To 2029" report has been added to ResearchAndMarkets.com's offering.
The 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 cash, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The 'China Cards and Payments: Opportunities and Risks to 2029' 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, credit and charge cards.
- Detailed insights into payment instruments including cash, credit transfer, card, cheques and direct debits . It also, includes an overview of the country's key alternative payment instruments.
- Ecommerce 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 of the Chinese cards and payments industry.
Key Highlights
- The Chinese Government promotes initiatives to push cashless payments. As one such initiative, in April 2024, the PBOC, along with the Ministry of Culture and Tourism, the State Administration of Foreign Exchange, and the State Administration of Cultural Heritage departments issued a notice to encourage electronic payment acceptance in the country. As part of this, government agencies are required to provide adequate acceptance payment infrastructure; enabling consumers to pay for cultural and tourism transactions digitally using debit/credit cards and digital wallets.
- International payment service providers are forging partnerships with local entities to deliver comprehensive payment solutions. In December 2024, South Korea's Naver Corp. collaborated with WeChat Pay to broaden the reach of its mobile payment and digital wallet service Naver Pay throughout China; utilizing QR code technology. With this strategic move, Naver is poised to become the first South Korean company to provide QR-code-based payment and online transaction services in conjunction with WeChat Pay. This alliance enables South Korean consumers to conduct seamless cross-border transactions in China by using Naver Pay through QR codes.
- In February 2025, as part of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong, China announced its decision to permit Hong Kong banks to issue payment cards for customers on the mainland, effective from March 1, 2025. Consequently, leading Hong Kong banks-including HSBC, Standard Chartered Bank, The Bank of East Asia (BEA), and Hang Seng Bank-stand to gain from this initiative. However, Hong Kong banks will be restricted to providing foreign currency bank cards exclusively to Mainland Chinese residents. The banking services will encompass the issuance of debit and credit cards, withdrawals, and fund transfers.
Report Scope
- Card market size in terms of number of cards, value and volume of transactions in China along with detailed card segmentation of debit, credit and charge cards available in the country.
- Market sizing and analysis of major payment instruments including cash, credit transfer, card, cheques and direct debits .
- Payment market trends and growth for both historical and forecast period
- Competitor analysis with detailed insights into leading card issuers and schemes.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- A detailed snapshot of country's key alternative payment brands.
Key Topics Covered:
- Executive Summary
- Market Overview
- Payment Instruments
- Card-Based Payments
- Merchant Acquiring
- Ecommerce Payments
- In-Store Payments
- Buy Now Pay Later
- Mobile Payments
- P2P Payments
- Bill Payments
- Alternative Payments
- Payment Innovation
- Job Analysis
- Payment Infrastructure and Regulation
Company Coverage:
- Agricultural Bank of China
- China Construction Bank
- Industrial & Commercial Bank of China
- Postal Savings Bank of China
- Bank of China
- China Merchants Bank
- Bank of Communications
- Shanghai Pudong Development Bank
- China Everbright Bank
- Industrial Bank
- China Minsheng Bank
- China Guangfa Bank
- Hua Xia Bank
- CUP
- American Express
- Visa
- Mastercard
- American Express
For more information about this report visit https://www.researchandmarkets.com/r/95g8fo
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