# Consumer Debt
Latest news and articles about Consumer Debt
Total: 3 articles found
China’s Fintech Giants Face a Forced Divorce of Payments and Lending
China is implementing sweeping new regulations to decouple digital payments from consumer lending, forcing tech giants to remove credit products from their checkout interfaces. This move aims to protect consumers from 'invisible' debt traps and signifies a mandatory return to utility-based services for the nation's fintech platforms.
China’s Credit Card Winter: Why 120 Million Cards Vanished in Three Years
China's credit card market has shrunk by 120 million cards over three years as banks pivot from aggressive expansion to risk management. Rising bad debt, high acquisition costs, and the dominance of mobile payments have forced major banks to consolidate apps and exit unprofitable co-branding deals.
China’s Credit Card Purge: Why 100 Million Cards Have Vanished from Chinese Wallets
China's credit card market has contracted by 104 million cards since 2021 as consumers abandon multiple cards and banks grapple with rising bad debt. Stricter regulations and competition from fintech giants are forcing traditional lenders to pivot from mass issuance to high-quality, niche lending.