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Payments Landscape in China-Opportunities and Risks to 2021




(MoneyNewsWire.Net, January 04, 2018 ) Publisher's "Payments Landscape in China: Opportunities and Risks to 2021", 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 credit transfers, cash, payment cards, and cheques during the review-period (2013-17e).

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 (2017-21f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Request a Sample Report@ http://www.reportsweb.com/inquiry&RW00011298539/sample

The 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 credit transfers, cheques, cash, and payment cards. It also, includes an overview of the country's key alternative payment instruments.
-E-commerce market analysis and payment methods.
-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.

Report Scope:
-In August 2017 China's central bank the People's Bank of China created a nationwide centralized online payment clearing platform, involving both banks and third-party online payment companies. To set up this platform the central bank signed an agreement with 44 companies, including Alibaba Group Holdings' affiliate Ant Financial, Tencent Holdings, and China UnionPay's affiliate. The central bank has mandated banks and online payment systems such as Alipay and Tenpay to connect to the new platform and route transactions through it as of June 30, 2018. This move will allow the Chinese government to effectively monitor online transactions carried out through both banks and third-party online payment providers, thereby curbing money laundering and other illicit transactions.
-The Chinese credit card market is expected to attract more foreign competitors, as in June 2016 the central bank formally opened its credit card clearing market to foreign companies. The rules issued by the central bank and the China Banking Regulatory Commission require foreign companies to comply with national security and cybersecurity standards, and be locally based. The move, which ends CUP's monopoly, was a result of longstanding demand for international scheme providers-particularly Mastercard and Visa.
-In a bid to boost competition in the credit card market, the central bank relaxed credit card lending rates in April 2016. Effective from January 2017, the new rule allows banks to offer up to a 30% discount on the credit card lending rate. In order to give banks autonomy to set their own terms, the central bank has also decided to eliminate unified rules on banks' interest-free periods and minimum monthly repayments. Prior to the regulation, the lending rate was fixed at 0.05% per day; the interest-free period ran up to 60 days, while the minimum monthly payment was at least 10% of monthly bills. The new rule also allows banks to decide whether and how much to charge card holders for delays in payments.

Inquire before Buying@ http://www.reportsweb.com/inquiry&RW00011298539/buying

Reasons to buy:
-Make strategic business decisions, using top-level historic and forecast market data, related to the Chinese cards and payments industry and each market within it.
-Understand the key market trends and growth opportunities in the Chinese cards and payments industry.
-Assess the competitive dynamics in the Chinese cards and payments industry.
-Gain insights into marketing strategies used for various card types in China.
-Gain insights into key regulations governing the Chinese cards and payments industry.

Companies Mentioned:
China Construction Bank
Agricultural Bank of China
Industrial & Commercial Bank of China
Bank of China
Postal Savings Bank of China
China Merchants Bank
Bank of Communications
Citibank
People's Bank of China
China UnionPay
Visa
Mastercard

For more information about this report@ http://www.reportsweb.com/payments-landscape-in-china-opportunities-and-risks-to-2021

ReportsWeb.com

Rajat Sahni

+1-646-491-9876

sales@reportsweb.com

Source: EmailWire.Com


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