Liberal Government Policies Boosting Foreign Credit Card in China

The number of credit cards in China is projected to grow at a CAGR of 24% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) February 8, 2013 - China credit card market has been witnessing significant growth over the past few years. Credit cards are gaining popularity in the country with rise in young population, technological developments, and emerging trend of e-commerce. In addition, the government is playing a vital role in the growth of the industry by issuing liberal policies. Recently, the government has allowed the foreign credit card companies to issue their credit cards in the country. With the new regulation, the foreign players can now issue their sole branded credit cards that are denominated in the domestic currency. This will bring a paradigm shift in the China Credit Card Industry and will support the foreign players in their expansions. Therefore, considering all the factors, it is anticipated that the number of credit cards in China will grow at a CAGR of 24% during 2012-2015.

According to our research report, "China Credit Card Market Forecast to 2015", the industry is showing impressive growth over the past few years. The number of credit card is increasing in the country on the back of rising young population and increasing middle income groups. In addition, the infrastructure developments such as increased number of ATMs and POS terminals are also supporting the growth of the industry. Moreover, our report provides the detailed analysis of the credit card industry which covers the credit card transactions analysis by value & volume terms along with the credit card spending by category, such as entertainment, shopping and travel & accommodation, etc.

In addition, it also covers credit card loans and credit card charges along with the leading issuers. Our report provides the study on favorable demographics, such as rise in the young population and shift towards the e-shopping that are driving the non cash payment market in the country. Moreover, our report covers the detailed analysis about the regulatory environment and licensing procedure for the foreign players. Other than that, to provide a comprehensive knowledge, the research also includes the study of consumer behavior towards credit cards in China that will help the client to understand customer's requirements.

Further, our report, "China Credit Card Market Forecast to 2015", is the outcome of extensive research and objective analysis of the credit card market in the country. It covers the comprehensive analysis of the leading market players including their key highlights and key strategies. In addition, we have also covered the in-depth analysis of the emerging market trends that are driving the market. Besides, our report also covered the detailed study on the industry challenges that are affecting its growth. In all, the report presents a comprehensive look at the sector's past, present, and future scenario to those investors or players who are planning to enter the market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM468.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: china payment cards

Categories: Finance

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