Can China Ship Over One Billion Smart Payment Cards in 2018?

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4Q 2013 | IN-1017273


The Surge in the Chinese Payment Card Market


There has been a recent surge in forecasts for the Chinese payment card market. This is of no surprise considering the current activity in the country, which is migrating to its PBOC specification, and embarking on the deployment of payment cards with added social security functionality, all of which will utilize smart card technology. Forward-looking smart payment card shipment forecasts have ranged from 500 million to 1.5 billion units in 2018. I want to take this opportunity to discuss ABI Research’s view of the Chinese payment card market to provide a comparison with other analysts’ forecasts and decipher whether the higher end of 1.5 billion units could be achieved by 2018.


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Acceleration of the Chinese Smart Payment Card Market