Prior to 2025 the number of credit cards in China will grow by 11% per year, the volume of transactions on them - at 14%, projected to MasterCard.
Proceeds from issuance of bank cards, according to a study to grow in 2025 at 20 times earnings - 30 times.
At the end of June 2010 in China was in circulation 2.3 billion bank cards, including both credit and debit. This figure is 14.5% higher than a year earlier, according to data of the People's Bank of China.
Competition between payment systems in China increases with the fact that the volume of transactions on payment cards in the country increased from 2001 in 84 times - up to 7.7 trillion yuan ($ 1.1 trillion) in 2009.
In China in 2025 will be about 1.1 billion credit cards, compared with 230 million now, predicts vice president of the Chinese unit MasterCard Chen Bin.
The volume of transactions on credit cards, according to him, by the year 2025 could reach $ 2.5 trillion and surpass the U.S..
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