China Credit Card Penetration Set to Double by 2013

RNCOS, in its recent report "China Credit Card Market Outlook to 2013", opined that with largest population base in the world, China's credit card market is one of the most lucrative credit card markets for financial institutions around the world. The number of credit cards in-circulation is projected to grow at CAGR of more than 25% during 2010-2013.

Moreover, the share of credit cards in total bank cards circulating in the country will get almost doubled by the end of 2013. Credit cards are expected to account for nearly 15% of total number of bank cards in China by 2013. This shows that despite rapid expansion in the issuance of credit cards, the credit card market remains largely underpenetrated compared to debit cards, leaving huge scope for future growth.

"China Credit Card Market Outlook to 2013" provides an extensive research and rational analysis along with reliable statistics of the credit card market in China. It also provides information on important payment card facilitators like ATMs and POS terminals installed in the country. Moreover, the report has thoroughly examined the emerging market trends and developments like emergence of EMV compliant cards, consumer shift towards e-shopping, etc. 

Additionally, the report has also identified the key players and their respective share in China's credit card market to give clients better insight of the market. It has also analyzed various initiatives taken by Chinese government to promote credit cards and their impact on the market.

Most importantly, the report also features future outlook of credit card market considering the positive and negative impact of reasonable and accountable factors which will really prove decisive for the new entrants in the credit market of China. In this way, our report presents the most unbiased scenario of the concerned market.

For more information visit: http://www.rncos.com/Report/IM002.htm