Research On The Development Of Bank Card Business In China

After more than two decades of development, bank card business has entered a step of steady growth in China. As a modern payment method with the newest financial and IT technology, bank card is accepted by more and more Chinese people, effectively expanding the social consumption, promoting economic development, and bringing great profit to the local banks. Our local banks are facing great challenge in this area since China took part in WTO organization, and it will finally determine the fate of China's bank card business that whether we can make timely and effective strategic and management adjustments. It is particularly worth mentioning that in this market-oriented society, the bank card is becoming the best carrier for a variety of financial products with its efficient payment and settlement and identification capabilities. Bank card must play the most important role in the financial markets of China.As the development of China's marketing economy and the financial structure reforms, the specialized banks are being converted to commercial banks. The banks could tie their self-development with the development of the whole market, such as expanding business, improve market competitiveness, and increase overall service functions through the development of bank cards. At the same time, the fast development of bank card has lead to the result of a widely using of the internet and other high-tech by banks in China, which has promoting a application of the modernization that commercial banks overseas are using...