China Money Remittance and Payments Market Outlook to 2018
Driven by Rising Migration and Effective Government Policies
Region:Asia
Product Code:KR237
August 2014
142
About the Report
The report titled “China Money Remittance and Payments Market Outlook to 2018 - Driven by Rising Migration and Effective Government Policies” which provides a comprehensive analysis of the domestic and international money transfer, bill payment and mobile payment market in China. The report covers various aspects such as market size of money transfer market in terms of inflow of money from different countries and from different province. The market has been segmented on the basis of different payment channels such as formal and informal channel and the major flow corridors internationally and domestically as well. Furthermore, the bill payment market has been segmented on the basis of different payment channels such as offline payment, online payment, mobile payment and payment through prepaid cards. The mobile payment market has been segmented on the basis of different channels of payment such as SMS Payment, Proximity Payment and mobile web payment as well as on the basis of different types of transactions such as consumer and enterprise. The market size for third party bill payment has also been provided on the basis of transaction volume with the segmentation by different types of bills paid such as utility bills, airline tickets, online shopping, online funds and others.
The inflow of money to China has gone down from USD ~ million in 2008 to USD ~ million in 2009. Global economy turmoil was responsible for the fall in inflow of money transfer in 2009. People of China working in different parts of the world especially in the US were strongly affected by the recession. The transaction volume of inward remittance has gone up from USD ~ million in 2009 to nearly USD ~ million in 2013.
The China international money transfer market can be segmented on the basis of different transfer channels such as Formal and Informal Channel. Currently, the formal channels hold a large share of nearly ~% of the overall international remittance market, whereas the informal channel holds a miniscule share of just ~% in the market. Hong Kong, which is in the special administrative region of China, is the highest contributor to the total inflow of remittances in China. Hong Kong contributed nearly ~% to the total revenue in 2012. The next leading country in terms of contribution to the total remittance flow in China has been the US. The China international remittance market is projected to grow at a CAGR of 7.2% during the period 2014-2018.
The China Domestic flow of money has gone up from USD ~ million in 2009 to USD ~ million in 2013 growing at a CAGR of 4.0%. The Inter provincial flow in China is more than the flow of money from other countries in China.
China Domestic Remittance market can be classified broadly into two payment channels- formal channel and informal channel. The formal channel can be in turn divided into commercial banks and third party payment providers. The commercial hold a larger share in comparison to the third party payment providers. Some of the leading third party payment providers are Alipay, Tenpay and others. Some of the leading commercial banks in China based on the remittance transaction volume are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Bank of Communications, and China Construction Bank, China Minsheng Bank, China Merchants Bank and others.
Key Topics Covered in the Report:
- Market Size of China International Money Transfer Market, China Domestic Money Transfer Market, China Bill Payment Market and China Mobile Payment Market
- An Overview of China Diaspora
- China International Money Transfer Market Segmentation by Different Types of Payment Channels Available, Flow of Money from Different Corridors
- China Domestic Money Transfer Market Segmentation by Different Types of Payment Channels Available, Formal Channel segmentation by different channels available, Different Services Available and Interprovincial Flow of Money
- China Bill Payment Market Segmentation by Different Payment Channels, Different Payment Sources
- China Third Party Bill Payment Market Segmentation by Different Types of Bills Paid
- China Mobile Payment Market Segmentation by Different Channels Available, Different Types of Transactions
- Government Regulations in China International Money Transfer Market and China Third Party Bill Payment
- Joint Ventures and Strategic Partnerships in China Mobile Payment Market and China Third Party Bill Payment
- Trends and Developments
- Competitive Landscape and Market Shares in China International Money Transfer Market, China Domestic Money Transfer Market, China Bill payment and Third Party Bill Payment Market, China Mobile Payment Market
- Future Outlook of China International Money Transfer Market, China Domestic Money Transfer Market, China Bill Payment Market, China Mobile Payment Market
Products
Domestic Money Transfer, Remittance, International inbound remittance, outbound remittance, Bill Payment, Mobile Wallet, Mobile Payment, Bank Channel,
Companies
Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, Postal Savings Bank of China, China Merchant Bank, China Minsheng Bank, Commercial Banks Via SWIFT Codes, Western Union, M
Table of Contents
TABLE OF CONTENTS
Executive Summary
China International Remittance Market
China Domestic Remittance Market
China Bill Payment Market
China Mobile Payment Market
1.China Macro Economic Environment
1.1.China Macro Economic Environment Overview: Historical and Projections
China Gross Domestic Product, 2008-2018
Population in China, 2008-2018
Export, Import and Exchange Rate Fluctuations in China, 2008-2013
Number of Bank Cards in China, 2008-2018
Number of Networked ATM’s in China, 2008-2013
Personal Disposable Income in China, 2008-2018
Mobile Internet Users in China, 2008-2013
2.China Diaspora: Overview
Challenges Faced by Chinese Diaspora Members
Job Opportunities for Chinese Diaspora: By Sectors
Demand for Money Transfer
3.China Domestic Remittance Market Introduction
3.1.China Domestic Remittance Market Size By Transaction Volume, 2009-2013
3.2.China Domestic Remittance Market Segmentation
3.2.1.By Types of Payment Channels - Formal and Informal, 2013
3.2.1.1.China Domestic Remittance Formal Channel Segmentation by Transfer/Payment Channels Available (Commercial Banks and Third Party Payment Providers), 2013
3.2.1.2.China Domestic Remittance Formal Channel Segmentation By Bank to Bank Transfer and Online Transfer, 2013
3.2.2.By Flow Corridors – Outbound Remittance from Different Provinces, 2013
3.3.China Domestic Remittance Market Trends and Developments
Relaxation in the Hukou System and New Policies Initiated by the Government of China
Climate Change and Natural Disasters Leading Migration to Urban Cities
Two way Postal Service Between China and Taiwan
3.4.China Domestic Remittance Market Challenges
Unemployment Cost of Urban Labor due to Migration from Rural Areas in China
Discrimination Faced by the Rural People in Urban Areas
3.5.China Domestic Remittance Growth Drivers
3.6.Ranking of Leading Commercial Banks in the China Domestic Remittance Market, 2013
3.7.Competitive Landscape of Leading Banks in Domestic Remittance Industry in China
3.8.China Domestic Remittance Market Future Outlook and Projections
4.China International Remittance Introduction
The Transfer Mechanism in China International Remittance Market
4.1.International and Domestic Remittance Market Value Chain
4.2.China International Remittance Market Size by Total Transaction Flow, 2008-2013
4.3.Average Transaction Fee Charged for Remittance in the Leading Flow Corridors
4.4.China International Remittance Market Segmentation
4.4.1.By Types of Payment Channels - Formal (Banks, Post Offices, Agencies) and Informal, 2013
4.4.2.By Different Flow Corridors, 2010-2012
4.5.Government Regulations on International Remittances
4.6.China International Remittance Market Trends and Developments
Economic Migration in China
Sources of Remittance being Established Outside the Country
4.7.Market Share of Major Formal Channels in International Remittance Market in China
4.8.China International Remittance Market Future Outlook and Projections, 2014-2018
4.9.Analyst Recommendation
Reconsidering Policies to Introduce Money Transfer Operators in Domestic Market
Reduced Transaction Cost with Competition
Increasing Rural Reach
5.Global and China Mobile Payment Market Introduction
5.1.Mobile Payment Market Value Chain
5.2.China Mobile Payment Market Size by Transaction Volume, 2010-2013
5.3.China Mobile Payment Market Segmentation
5.3.1.By Different Channels of Payment (SMS Payment, Mobile Web Payment, Proximity Payment)
5.3.2.By Consumer and Enterprise Transactions, 2010-2013
5.4.China Mobile Payment Market Prominent Joint Ventures and Partnerships
China Union Pay Collaborates with China Telecom for Mobile Payment
Fortumo Partners with China Unicom and China Telecom, Now having Deals with all Three of China’s Major Telecoms
Apple and China Union Pay Partner to Boost Mobile Payment Services in China
China Mobile and China Union Pay seal mobile payment partnership
5.5.China Mobile Payment Market Trends and Developments
China Mobile Payment Market to Expand as Alibaba- Tencent Rivalry Heats up
Baidu Enters the Mobile Payment Market in China
China Central Bank Blocks Alibaba, Tencent Plan for launching Virtual Credit Cards
China’s Taxi Applications: Major Growth Driver for Mobile Payment Market in China
5.6.Market Share of Mobile Payment Providers, 2013
5.7.Competitive Landscape of Major Third Party Players in China
5.8.China Mobile Payment Market Future Outlook and Projections, 2014-2018
Future Outlook by Types of Mobile Payment Channels Available, 2014-2018
6.China Bill Payment Market
6.1.Introduction and Market Size, 2009-2013
6.2.China Bill Payment Market Segmentation
6.2.1.By Different Payment Methods (Offline, Online, Mobile, Prepaid cards & Others), 2010-2013
6.2.2.By Different Payment Sources Available (Billers Direct, Credit/Debit Cards, Walk In, Direct Debt from Account, Mail), 2013
6.3.China Third Party Bill Payment Market
6.3.1.China Third Party Bill Payment Market Size by Transaction Volume, 2009-2013
6.3.2.China Third Party Bill Payment Market Segmentation
6.3.2.1.By Types of Bills Paid, 2009-2013
6.3.3.China Third Party Bill Payment Market Strategic Partnerships and Developments
China Internet Giants ‘Alibaba’ and ‘Sina Weibo’ Partner to Launch Weibo Payments
China PnR and V-Key Strategic Alliance
JD.Com and Tencent Partnership to Transform Online Payment Industry in China
6.3.4.Market Share of Major Third Party Bill Payment Providers in China, 2013
6.3.5.Competitive Landscape of Major Players in China Third Party Bill Payment Market
6.3.6.China Third Party Bill Payment Market Future Outlook and Projections, 2014-2018
6.4.China Bill Payment Market Future Outlook and Projections, 2014-2018
6.4.1. By Different Payment Methods, 2014-2018
7.Appendix
7.1.Market Definitions
7.2.Abbreviations
7.3.Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
7.4.Disclaimer
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