China’s credit card market has been witnessing significant growth from the past
few years with robust expansion in its economy. The credit cards are being
increasingly used in numerous shopping malls and various online portals that
carry luxury or world-class brands of consumer goods. This is mainly due to the
advancement of technology in bank card industry, which is bringing transparency,
ease, and security in the use of these cards. In future, with increasing trend
of online shopping and other benefits, like reward points and discounts, offered
by merchants as well as banks to attract customers, the number of credit cards
are expected to grow significantly. Owing to all these factors, it is
anticipated that total number of credit cards in China will grow at a CAGR of
24% during 2012-2015.
To Know More - China Credit Card Market Forecast to 2015
To Know More - China Credit Card Market Forecast to 2015
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