New Market Research Report: Debit Cards in China
Debit transactions experienced a sharp drop in terms of transaction number and retail value growth, down from 54% and 33% in 2012 to 15% and 17% in 2013, respectively. This is mainly due to reduced use of debit cards in China following more aggressive promotion on the part of credit cards. Lured by more discounts when paying with credit cards, consumers are more willing to use credit cards, in addition to credit cards' loyalty programmes, whereby consumers can accumulate points...
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