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Lower transaction fees set to boost international bank card usage in China
International bank card clearing institutions, such as Visa and Mastercard, have reduced transaction fees on overseas bank cards for Chinese merchants, a move expected to encourage more local merchants to accept these card payments.
July04,2024
China issues 9.25 bln bank cards by end of 2021
China had issued a total of 9.25 billion bank cards by the end of 2021, according to an industry report.
September26,2022
China issues 8.98 bln bank cards in total
China had issued a total of 8.98 billion bank cards by the end of 2020, according to a blue paper.
October18,2021
China issues 8.53 bln bank cards by end of 2019
China had issued a total of 8.53 billion bank cards by the end of 2019, the Xinhua-run Shanghai Securities News reported on Wednesday.
September24,2020
China issues 7.83 bln bank cards in total
China had issued a total of 7.83 billion bank cards by the end of 2018, with each Chinese person owning about 0.7 credit cards and 4.92 debit cards on average, according to a industry report.
June24,2019
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