2015 Top 10 China Banking Technology Trends

The first private bank went live in January 2015, with the rest soon to follow. NFC continues its growth in both awareness and acceptance for mobile payments. China UnionPay quietly becomes a truly global player both in online and offline. What else will 2015 hold for banking in China?

For the past 4 years we have been doing our Top-10 Trends series. Each year seems to be the most eventful that we have seen to date, and 2014 did not disappoint. Bitcoin continued to play a big role, private banks gradually moved forward, and the Shanghai FTZ started to play a more important part in how we looked at the future of trade and international business.

In banking, 2015 will largely be a continuation of many of the policies and initiatives started in 2014. The first private bank will go live in January 2015, with the rest soon to follow. We can expect NFC to continue its growth in both awareness and acceptance for mobile payments. Direct / online banking will continue to be facilitated and optimized.

To help clients and industry participants better understand what lies ahead, we are pleased to publish our 5th annual top-10 financial technology trends in China’s Banking industry report.

Clients of Kapronasia’s Asia Financial Advisory Service can download this report. For more information on this report or any other of our reports, please email us research@kapronasia.com.