UnionPay overwhelmingly leads the market for card payments in China, while Visa had a somewhat higher market share than Mastercard. Such a dominance of an in-market local card scheme is not found in other countries in the world, where often either Visa or Mastercard tend to be the largest provider. Another important trait of Chinese payments is the important role of mobile wallets in in-store payments, with a market share in 2021 that is higher than that of both credit and debit cards combined.
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022
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Worldpay, & PPRO, & Statista. (January 1, 2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/
Worldpay, und PPRO, und Statista. "Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022." Chart. January 1, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/
Worldpay, PPRO, Statista. (2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/
Worldpay, and PPRO, and Statista. "Market Share of Payment Card Brands - Visa, Mastercard, American Express, or In-market Local Card Schemes - in China from 2016 to 2022." Statista, Statista Inc., 1 Jan 2024, https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/
Worldpay & PPRO & Statista, Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022 Statista, https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/ (last visited November 17, 2024)
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in China from 2016 to 2022 [Graph], Worldpay, & PPRO, & Statista, January 1, 2024. [Online]. Available: https://www.statista.com/statistics/1312416/biggest-card-schemes-in-china/
