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.
(prHWY.com) February 26, 2013 - NOIDA, India -- Over the past few years, Chinese Credit Card Industry is exhibiting an explosive growth. Rising tie-ups between the issuing banks of credit cards and the companies that issues co-branded cards is also gaining huge popularity in the Chinese market. Various banks in the country, such as Industrial and Commercial Bank of China, China Merchants Bank, China Construction Bank and Bank of Beijing etc. are coming up with their co-branded card offerings. Issuing co-branded cards has now become the conventional promotional policy for the Chinese banks. The co-branded credit card segment exhibits a strong growth potential that will eventually boot the overall Credit Card Industry in the country.
According to our research report, "China Credit Card Market Forecast to 2015", Chinese Credit Card Industry has undergone through a period of revolutionary change, indicating explosive growth over the past few years. The Chinese Government is also playing a vital role in the growth of the industry by issuing liberal policies as the government has allowed the foreign credit card companies to issue their credit cards in the country. As a result, foreign players would be allowed to issue their sole branded credit cards that are denominated in the domestic currency. Besides, rising young population, technological developments, and emerging trend of e-commerce, are bringing a paradigm shift in the China Credit Card Industry. Therefore, considering all these factors, it is anticipated that the number of credit cards in China will grow at a CAGR of 24% during 2012-2015.
Our report, "China Credit Card Market Forecast to 2015", is an outcome of extensive research and objective analysis of the credit card market in the country. It covers a comprehensive analysis of the number of credit cards, credit card transaction during a period of time, and credit card spending in different segments. Also, it provides information on emerging trends, drivers, and regulatory initiatives that are collectively elevating the outlook for the industry in the country. An insight into consumer behavior towards credit card usage has also been presented in the study, which further elaborates the profiles of the prominent industry players in order to provide a balanced research outlook of the market. Overall, the report presents a complete and coherent analysis of the China credit card market scenario to clients.
For FREE SAMPLE of this report visit:
http://www.rncos.com/Report/IM468.htm
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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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