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Chinese Credit Card Market Set for Outstanding Upsurge

Apr 29, 2010

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According to our new research report “Global Credit Card Industry – Emerging Markets”, the total number of credit cards in China will grow at an impressive growth rate, driven mainly by factors such as emerging middle class population, rising consumer spending and untapped rural regions of the nation. Our research suggests that the total number of credit cards in the country will rise substantially at a CAGR of around 26% during our forecast period (2010-2013).
 
The report shows extensive research and analysis of the Chinese credit card market done by our industry experts, in order to delineate various factors that will propel the growth of the credit card market in China in coming years. We have identified that various other drivers such as regulatory improvements and government initiatives to boost the consumer spending via bank cards, have minimized tax complications, thereby resulting into increased usage of credit card in the country. Further, our research indicates that retail sales in the country will rise with the increasing bank card transactions in the country. This would further enhance the growth of retail banking in coming years. With an improvement in the debt-repayment ability of the population owing to the growth of the economy, the credit card market seems to have an optimistic future prospect.
 
The report also gives insight into the role of banks for encouraging non-cash payment options such as credit cards, which feature overdrafts, to boost domestic consumption. Our report also gives an overview of the factors that may hinder the growth of credit card market in China during the forecast period.
 
Besides this, “Global Credit Card Industry – Emerging Markets”, provides thorough analysis of the credit card industry in emerging markets like India, Mexico, South Korea, Russia, Poland and Brazil. It gives deep insight into each of the industry parameters like market attractions, market performance and roadblocks in these emerging markets. Most importantly, the report gives future outlook for all the important industry aspects considering the aftereffects of global economic downturn on base drivers, opportunities and challenges before the global credit card industry.

For more information visit: http://www.rncos.com/Report/IM167.htm


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