CARDS & PAYMENTS | Cesar Tordesillas, China

Number of China's bank cards on the rise

Around 3.23 billion bank cards were issued in China as of the end of the second quarter.

This was an increase of 20.6 percent from the number of bank cards issued a year earlier, and represented a growth rate was 2.6 percentage points registered during the same period last year.

On a quarterly basis, the number of bank cards expanded by 3.9 percent.

Some 302 million credit cards were issued by the end of June, up by 17.4 percent from a year earlier and by 4 percent from the end of March, the statement said.

Credit card loans that were more than six months overdue rose 10.2 percent quarterly to hit 13.27 billion yuan or 2.11 billion U.S. dollars by the end of the second quarter, accounting for 1.5 percent of total credit loans outstanding, the statement said.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.