China Cards and Payments Market by Cards and Payment Terminals to 2022

Posted by miky santhosh on May 23rd, 2018

Overview

The Cards and Payments Market in China is set to expand rapidly owing to the growing demand from the rising middle class populace for better standards of living and provision for quality goods. The increasing urbanization is also anticipated to encourage customers to use card-based payments for convenience.  The exponential growth in the online commerce segment of Chine which has many domestic sites such as Taobao, tuan800, and 360 buy which have outperformed international giants such as Amazon and ebay. The availability of a good payment infrastructure and deep penetration of the internet in the region are the other factors encouraging the growth of this segment.

A variety of products are being offered by Rural Banks in China which include customized value added services. Farmers, agricultural workers, farming cooperatives, and labor union members, are being offered customized schemes by commercial and cooperative banks. The Xing Nong Card offered by the Shanghai Rural Commercial Banks is one such card for farmers, which includes the provisions for statement management services, merchant promotions, specialized discounts and the cardholder’s balance via text message.

Browse brief and detailed TOC of the report @ https://www.marketdataforecast.com/market-reports/China-cards-and-payments-market-6925/