# Credit Cards
Latest news and articles about Credit Cards
Total: 2 articles found
Business
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.
SoBiz2026年5月19日 04:23
#China Banking#Credit Cards#PBOC
Business
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.
SoBiz2026年4月29日 03:28
#China Banking#Credit Cards#ICBC