China Prepaid Card and Digital Wallet Markets Databook 2022: Market Size and Forecasts, Consumer Attitude & Behaviour, Retail Spending, 2017-2021 & 2022-2026

DUBLIN, March 08, 2022–(BUSINESS WIRE)–The “China Pay as you go Card and Digital Pockets Enterprise and Funding Alternatives Databook – Market Dimension and Forecast, Client Angle & Behaviour, Retail Spend” report has been added to ResearchAndMarkets.com’s providing.

The pay as you go card market (worth phrases) in China elevated at a CAGR of 9.7% throughout 2017-2021. Over the forecast interval of 2022 to 2026, the market is anticipated to document a CAGR of 9.4%, rising from US$282.11 billion in 2022 to succeed in US$404.63 billion by 2026.

With the rise within the demand for contactless funds in China, the demand for pay as you go playing cards can also be rising. The nation has witnessed completely different pay as you go card product launches within the final eight quarters, akin to crypto-based pay as you go playing cards, contactless transit playing cards, and so on. Furthermore, the Chinese language authorities can also be taking initiatives to inject present playing cards into the financial system to spice up the utilization of digital yuan. The writer expects that the nation’s pay as you go card market will develop additional within the subsequent 4 to 6 quarters.

Central Financial institution of China launched digital yuan pockets app

China will proceed the digitization course of by the discharge of the pockets app.

• In January 2022, The Individuals’s Financial institution of China (PBOC) launched a digital yuan pockets app on varied app shops.

• The app will assist the financial institution to hold out trials of digital wallets, exchanges, and circulation companies by digital foreign money.

• Furthermore, the app was developed by PBOC’s Digital Forex Institute, which additionally developed the nationwide digital foreign money.

International know-how suppliers are launching crypto linked pay as you go playing cards to increase their market in China

In China, demand for crypto-based pay as you go playing cards elevated many folds within the final 4 quarters. With rising market attractiveness, international know-how suppliers are launching crypto-based pay as you go playing cards options to draw customers in China. As an illustration,

• In December 2021, Mastercard, has partnered with Hong Kong-based crypto finance agency Amber Group to launch cryptocurrency-linked pay as you go playing cards for each people and companies.

• The partnership will assist the customers to transform Bitcoin and different digital currencies into fiat foreign money.

• Furthermore, the cardholders can use these pay as you go playing cards to make transactions in on-line platforms in addition to bodily stores with retailers wherever Mastercard funds are accepted.

Story continues

Cryptocurrency is hovering excessive within the Asia Pacific area as they supply individuals with better selection and suppleness in making funds. The writer expects this collaboration will develop into productive in 2022 and past.

Good card operators launching contactless transit playing cards within the Chinese language market

With the altering digital funds panorama in China, demand for pay as you go transit playing cards can also be rising. Due to this fact, varied transit card suppliers are launching contactless transit playing cards to increase their market share.

• In April 2021, Hong Kong-based good card operator Octopus launched transit playing cards that can be utilized in public transports in roughly 300 cities in China.

• The corporate opined that these transit playing cards can be utilized to make funds in buses, rails, and ferries in mainland China by the top of this yr or early 2022.

• Initially, this Octopus card will be loaded with a most worth of HK$ 3,000 (US$ 386).

The corporate has deliberate to develop a one-card fee system led by the Ministry of Transport. Furthermore, the corporate plans to launch an interconnected know-how platform with digital fee corporations, which can profit eWallet customers.

Scope

Firms Talked about

China Digital Pockets Market Dimension and Forecast

• Transaction Worth Development Evaluation

• Transaction Quantity Development Evaluation

• Common Worth per Transaction

China Digital Pockets Market Dimension and Forecast by Key Segments

• Retail Procuring (Worth, Quantity, Avg. Worth)

• Journey (Worth, Quantity, Avg. Worth)

• Leisure and Gaming (Worth, Quantity, Avg. Worth)

• Restaurant (Worth, Quantity, Avg. Worth)

• Recharge and Invoice Cost (Worth, Quantity, Avg. Worth)

China Pay as you go Card Business Market Attractiveness

• Load Worth Development Evaluation

• Transaction Worth Development Evaluation

• Transaction Quantity Development Evaluation

• Common Worth per Transaction

• Variety of Playing cards

Market Share Evaluation by Useful Attributes – Open Loop vs. Closed Loop, 2016 – 2025

Market Share Evaluation by Pay as you go Card Classes

China Open Loop Pay as you go Card Future Development Dynamics, 2016 – 2025

• Transaction Worth Development Evaluation

• Transaction Quantity Development Evaluation

• Common Worth per Transaction

• Variety of Playing cards

China Closed Loop Pay as you go Card Future Development Dynamics, 2016 – 2025

• Transaction Worth Development Evaluation

• Transaction Quantity Development Evaluation

• Common Worth per Transaction

• Variety of Playing cards

China Pay as you go Card Client Utilization Traits

• By Age Group

• By Revenue Group

• By Gender

China Normal Function Pay as you go Card Market Dimension and Forecast

China Reward Card Market Dimension and Forecast

Reward Card Market Dimension and Forecast by Useful Attribute

Reward Card Market Share Evaluation by Retail Classes

Reward Card Market Share Evaluation by Gifting Event

Reward Card Market Share Evaluation by Buy Location

China Leisure and Gaming Pay as you go Card Market Dimension and Forecast

China Teen and Campus Pay as you go Card Market Dimension and Forecast

Teen and Campus Pay as you go Card Market Dimension and Forecast by Useful Attribute

China Enterprise and Administrative Expense Pay as you go Card Market Dimension and Forecast

• By Small Scale Enterprise Phase

• By Mid-Tier Enterprise Phase

• By Enterprise Enterprise Phase

• By Authorities Phase

China Payroll Pay as you go Card Market Dimension and Forecast

• By Small Scale Enterprise Phase

• By Mid-Tier Enterprise Phase

• By Enterprise Enterprise Phase

• By Authorities Phase

China Meal Pay as you go Card Market Dimension and Forecast

• By Small Scale Enterprise Phase

• By Mid-Tier Enterprise Phase

• By Enterprise Enterprise Phase

• By Authorities Phase

China Journey Foreign exchange Pay as you go Card Market Dimension and Forecast

• By Retail

• By Small Scale Enterprise Phase

• By Mid-Tier Enterprise Phase

• By Enterprise Enterprise Phase

• By Authorities Phase

China Transit and Tolls Pay as you go Card Market Dimension and Forecast

China Healthcare and Wellness Pay as you go Card Market Dimension and Forecast

China Social Safety and Different Authorities Profit Packages Pay as you go Card Market Dimension and Forecast

China Gasoline Pay as you go Playing cards Market Dimension and Forecast

China Utilities, and Different Pay as you go Playing cards Market Dimension and Forecast

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