Reports

With online commerce booming in China, consumers are able to order just about anything online and have it delivered cheaply and efficiently. Traditionally these transactions were conducted as ‘cash on delivery’, but this is rapidly changing as online payment providers start to fill the gap.

With the Chinese economy continuing to grow rapidly, the financial sector in China is one of the few globally that offers a unique opportunity for international banks, but also has challenges.

Prepaid / stored value cards are an important part of the payments market in China and are used to pay for almost everything such as from daily public transit to grocery supermarket and from movie tickets to clothes in shopping centers.