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China Credit Card Market Set to Witness Double Digit Growth
Apr 27, 2010
According to our recent report "China Credit Card Market Outlook to 2013", with large population base and a quite low penetration of credit cards, China offers huge potential for growth in the credit card business. The market (in terms of number of cards in circulation) is expected to grow at robust CAGR of over 25% during 2010-2011.
As per our research, even though the credit card market at present is dominated by the state-owned banks such as Industrial and Commercial Bank of China, China Merchants Bank and China Construction Bank, private and foreign banks are also expanding their credit card base rapidly. Thus, it is expected that foreign banks will play a more important role in intensifying the competition in the credit card business over the forecast period.
The research report provides an extensive research and rational analysis along with reliable statistics of the credit card market in China. It also supplements the core credit card statistics with the information on important payment card facilitators like ATMs and POS terminals installed in the country. Moreover, the emerging market trends and developments like emergence of EMV compliant cards, consumer shift towards e-shopping, etc are thoroughly studied in the report.
In addition to this, the report has also keyed out the key players and their market share in the 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.
"China Credit Card Market Outlook to 2013" also features future outlook of credit market, considering both the positive and negative impacts of reasonable and accountable factors which will really prove decisive for the new entrants. In this way, our report has arrived at unbiased conclusion which will prove decisive for the clients.
For more information visit: http://www.rncos.com/Report/IM002.htm
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