ResearchAndMarkets.com now offers the latest update on China’s prepaid card and digital wallet landscape. The report highlights a steady growth in the prepaid card market in China, with a notable 9.3% CAGR between 2019 and 2023. Projections indicate a continued upward trajectory, with an anticipated 8.9% CAGR from 2024 to 2028, culminating in a market worth US$437.29 billion by 2028.
The comprehensive databook delves into various aspects of prepaid payment instruments, analyzing spending patterns across retail and corporate consumer segments. With over 100 key performance indicators (KPIs) at the country level, the report provides insights into market dynamics, consumer behavior, and retail spending trends.
Key highlights include:
- Insights into digital wallet segments, covering transaction values and volumes across key spending categories such as retail, travel, entertainment, dining, and bill payments.
- Assessment of both open loop and closed loop prepaid card markets, including essential KPIs like the number of cards in circulation, transaction volumes, load values, and transaction values.
- Analysis of virtual prepaid cards across 12 key categories.
- Detailed market share analysis of key players in the prepaid card market.
- Exploration of consumer attitudes and behaviors, examining spending patterns by age, gender, and income levels.
- Breakdown of retail spending across 11 categories to provide nuanced insights into prepaid card expenditure dynamics.
The report further scopes:
- Transaction trends in the prepaid payment instrument market.
- Market sizing and forecasts for digital wallet usage.
- Analysis of digital wallet spending across various segments.
- Market attractiveness assessments for prepaid card usage.
- Future growth dynamics for open loop and closed loop prepaid cards.
- Consumer usage trends across different demographic segments.
- Market sizing and forecasts for specific prepaid card categories, including general purpose cards, gift cards, entertainment and gaming cards, and more.
- In-depth analysis of prepaid card markets in specific sectors like business expenses, payroll, meals, travel, and utilities.
- Market sizing and growth projections for virtual prepaid cards across different categories.
For further information, please visit the official page: [link to the report].
