PUBLISHER: QKS Group | PRODUCT CODE: 1669281
PUBLISHER: QKS Group | PRODUCT CODE: 1669281
This product includes two reports: Market Share and Market Forecast.
Quadrant Knowledge Solutions Reveals that Card Management Systems Market is Projected to Register a CAGR of below average by 2028 in China.
China's Card Management Systems market is experiencing below-average growth, primarily due to the dominance of mobile payment platforms like Alipay and WeChat Pay. These platforms have significantly reduced the reliance on traditional card-based payment systems. The market is also influenced by stringent regulatory controls and a complex financial ecosystem. Despite these challenges, there is a growing interest in CMS as financial institutions seek to diversify their payment solutions and enhance customer experience. However, the adoption of CMS is relatively slow, as mobile payment solutions continue to dominate the market.
Quadrant Knowledge Solutions defines "The platform that provides functionalities to support comprehensive lifecycle management for credit, debit, prepaid, smart-chip and all multi-application smartcards. The CMS platform enables organizations to handle all aspects of card management including billing, supporting multi-payment types including mobile and contactless, account management, clearing, settlement, credit scoring, dispute management, microfinance, and merchant servicing. The centralized platform supports a wide-range of card-associated activities and services including designing card products for attracting new customers and increasing card usage for existing ones."
QKS Group Reveals that Card Management Systems Market is Projected to Register a CAGR of below average by 2028 in China.
The future outlook for the Card Management Systems market in China is cautiously optimistic. As the financial sector continues to evolve, there is potential for growth in the CMS market. The government's efforts to promote financial innovation and enhance cybersecurity are expected to drive the adoption of advanced CMS. Additionally, the integration of AI and blockchain technologies into CMS can provide enhanced security features and improved operational efficiency. Partnerships between traditional financial institutions and fintech companies are likely to spur innovation and drive the adoption of CMS. As consumer preferences shift towards more secure and versatile payment solutions, the CMS market in China is poised for gradual growth, with a focus on addressing the unique challenges of the Chinese market.
Quadrant Knowledge Solutions defines "The platform that provides functionalities to support comprehensive lifecycle management for credit, debit, prepaid, smart-chip and all multi-application smartcards. The CMS platform enables organizations to handle all aspects of card management including billing, supporting multi-payment types including mobile and contactless, account management, clearing, settlement, credit scoring, dispute management, microfinance, and merchant servicing. The centralized platform supports a wide-range of card-associated activities and services including designing card products for attracting new customers and increasing card usage for existing ones."