The People's Bank of China cut the commission charges and fees for bank cards on 6 September 2016, which will hopefully result in a RMB7.4 billion cut in the annual fees companies pay each year.
More details please refer to Chinese Version.
Title: 銀行卡刷卡手續費實施下調
Please refer to Chinese Version.
Title: 中國銀聯發佈《中國銀行卡產業發展報告2016》
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Title: 中國銀行卡發行已超54億張 全年消費人民幣55萬億元
China has issued more than 13.5 billion smart IC cards as at December 2015. Statistics released by the Coordinating and Leading Group Office show that the number of China's smart card manufacturing companies with annual revenue in excess of 20 million yuan has reached 100, while China's IC card industry realised sales revenue of RMB13.3 billion in 2014, up 13.6% year on year.
(Source: Xinhua Finance)
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More details please refer to Chinese Version.
Title: 中國智能IC卡發卡總量超過135億張