Report Published: "Credit Cards in China"
Due to the much smaller transaction base than debit cards in retail value terms, and thus a lower degree of saturation, credit card transactions continued to register dynamic growth of 31% in value terms in 2014, reaching RMB12,913 billion. The increasing sophistication of Chinese consumers regarding personal finance contributed to robust value growth during the review period, as Chinese consumers have gradually adopted the idea of consumption first and payment later. The popularity of...
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