Before 2011, prepaid cards were largely unregulated products and were thriving all over China. It was a money printer for card issuers, a huge tax dodge for companies and a convenient substitute of cash for individuals. Recently however, as regulations have changed, so has the industry, and quite rapidly at that.
This report from Kapronasia explores some of the most important questions in China's prepaid card market today including:
- Whether new rules for this industry are a bane or boon?
- What is the market size? How about future?
- Where is the market going? How will card issuers act in the future?
- What benefits can vendors gain from this industry? Where are the potential opportunities?