Tag Archives: Credit

Market Analysis

Chinese Credit Card Market Set For Phenomenal Growth

According to our research report “China Credit Card Market Outlook to 2014”, credit card market has been one of the fastest growing markets in the region for the past few years driven by robust economic growth, rising income levels, growing middle class population, and most importantly government’s initiatives to allow issuance of credit cards to increase the level of consumer credit in the country. Moreover, it is expected that the Chinese credit card market will reach 630 Million by 2014, growing at a CAGR of around 31% during 2011-2014.

Ongoing research found that, the strong growth in credit card issuance has been marked by a big push from the domestic banks, such as Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Merchants Bank, and Bank of Communications to gain a leading position in the credit card market. They have been considerably spending on infrastructure and marketing.

The report outlines that, the increasing usage of Internet media (particularly for online shopping) has emerged as one of the recent trends propelling growth in the usage of credit cards across the country. Besides, the country continues to experience rapid improvement in the credit card infrastructure, with more and more retailers or merchants now accepting credit card payments at their point-of-sale terminals.

Besides, the report analyzes factors critical to the success of the Chinese credit card industry. It has also identified key players in the market and included their detail business description. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Chinese credit card industry.

“China Credit Card Market Outlook to 2014” provides future forecast on the industry based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Chinese credit card industry, which will prove influential for clients. Detail data and analysis will help investors, financial service providers, and banks to navigate through the latest trends in the Chinese credit card market.

Market Analysis

Payday Loans no Credit Check When You Are Left With no Money

Payday loans no credit check is a financial scheme introduced by the lending companies of UK to provide you fast money without making you go through too many formalities and procedures. This saves a lot of your precious time. When your salary gets finished at the mid of month and you are left with no money for the rest of the month, you can get financial help from these loans. You can live a worry free life with the help of these loans. These loans are provided to you for short term demands.

There is no procedure of credit checks in payday loans no credit check . So, bad credit scorers can make a lot of advantage through this feature. You will not be disapproved for these loans because of your bad credit scores like arrears, defaults, bankruptcy or late payments. The lender will never verify your credit pasts. You are availed money without any interrogations. You just need to satisfy the lender with your repayment ability. For this, you must have good income.

You are allowed to borrow the amount ranging from 100 to 1500. These loans are provided to you for the repayment period of 2 to 4 weeks. It is your duty to pay back the borrowed amount at the given period of time. If you fail to repay on its due date, you will be charged penalty in the form of additional fee. With comparison to other normal loans, these loans have a high rate of interest. The reason is short term nature of these loans. It is easy to get an affordable deal through comparisons and market analysis.

Use online means of application to get instant money as fast as possible. With the help of internet, you can get cash with ease and convenience and in a hassle-free manner.

Market Analysis

Bad Credit Fast Cash Loan Avail Fast Financial Service

Now bad credit holders can also avail fast financial service in a hassle-free manner. The financial scheme like bad credit fast cash loan has been specially designed for the bad credit holders. When your financial condition is becoming worse, you can take help from these loans. These loans help you to strengthen your financial position. These loans are helpful in getting your sudden expenses fulfilled in less time. With the help of these loans, you can meet the expenses short-term expenses like home remodeling, repairing television, buying mobile set, hospital bills, grocery bills, etc.

Bad credit fast cash loan does not have any credit check procedure. Your poor credit tags like arrears, defaults, bankruptcy, late payments, etc. will not become a hurdle in availing these loans. The lender treats both good and bad creditors equally. The lender will not ask you to prove your credit worthiness. There is no verification of credit history. Moreover, these loans do not possess any collateral evaluation. You need not to place nay valuable assets against the loan amount.

These loans offer you the amount ranging from 100 dollars to 1500 dollars. You are required to pay back the borrowed amount within 2 to 4 weeks after the loan is approved to you. If you forget or fail to repay in prescribed time, you will be asked by the lender to pay extra charges as a penal fee. These loans are expensive because of the short-term nature. It is easy to fetch an affordable deal through a thorough market analysis.

Online mode of application is the best way to fetch money without any delay. You are required to fill up an online application form that contains your personal and professional details. The lender will immediately grant you the loan after verifying your details, if satisfied.

Market Analysis

US Wireless Carriers Partner with Big Credit Card Companies Boosting Cell Phone NFC Market

The decision by three major U.S. wireless carriers to partner with leading credit card companies on a mobile commerce initiative will boost the market for embedded payment technology in cell phones, helping global shipments of handsets with near field communication (NFC) technology to rise to nearly 550 million units by 2015, according to new IHS iSuppli (NYSE: IHS) research.
AT&T, Verizon and T-Mobile said they would work with Visa and MasterCard on their Isis joint venture, which was established to form a nationwide infrastructure for NFC enabled mobile payments using mobile handsets in the United States. The original Isis joint venture announced in November 2010 did not include Visa and MasterCard, the largest U.S. credit card companies. Instead, Isis employed Discover Financial Services and the U.S. arm of U.K. bank Barclays to handle the monetary aspects of commercial NFC mobile payments services in the United States.
“By partnering with the dominant players (Visa and MasterCard) the wireless carriers are making the right moves to create an ecosystem that will allow consumers to become comfortable with making NFC payments through their cell phones,” said Dr. Jagdish Rebello, director and principal analyst for communications and consumer electronics with iSuppli. “The carriers hope to leverage the dominant position enjoyed by Visa and MasterCard in credit card payments to ensure a seamless consumer experience when customers use their mobile phones to make payments. Such a move will drive an increase in unit shipments of cell phones with embedded NFC capability in the United States and around the world.”
With the participation of Visa and MasterCard, the Isis system will allow consumer credit card information to be securely stored on cell phones, and will use NFC as the communication protocol to facilitate the financial transaction.
Combined with Google Inc.’s continued efforts to promote mobile payment technology in Android smart phones, the changes in the Isis initiative have spurred an upgrade in the IHS iSuppli forecast for global shipments of NFC-equipped cell phones. IHS now predicts 93.2 million NFC-equipped cell phones will ship worldwide in 2011, up from the December forecast of 79.8 million, as shown in the attached figure. In 2014, 411.8 million NFC cell phones will ship, compared to 220.1 million in the previous prediction.
Shipments then will rise to 544.7 million in 2015. This means that 30.5 % of all cell phones shipped in 2015 will have the capability to conduct mobile commerce using NFC technology.
NFC promises to revolutionize the way consumers pay for goods and services by allowing them to use their cell phones to make purchases. With NFC, consumers can pay their bus fare, buy a plane ticket or make an ATM/credit card purchase simply by holding their cell phones near wireless terminals.
The starting gun for the rapid growth of the NFC handset market was sounded last year, when Google said it would support the technology in the latest release of the Android operating system and would work to create an ecosystem for NFC payments. With this move, Google made a play for leadership in the mobile commerce segment.
Visa and MasterCard’s move to participate in Isis represents an attempt by these big credit card companies to prevent Google from gaining a strong foothold in the market for mobile payments.
With the addition of the major financial firms, the Isis effort is set to gain momentum over the long term. However, Isis is facing some short-term delays while it recalibrates its mobile payment strategy to suit Visa and MasterCard.

Market Analysis

The Rise Of The E-commerce Market And Online Credit Card Processors

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The rapid expansion with the E-commerce market in the course of the current many years and also the use of online credit card processors are turning into additional and a lot more evident in various online retailers. While using the use of an online vendor accounts, your online keep can deal with dealings when a credit card is not physically present. By way of your local banks, you can open up your personal internet vendor accounts or IMAs and there are various who offer you them. Although a lot of banks would deliver them, getting a beneficial to outstanding credit ratings score is must to acquire approved for one. If ever you currently have a physical keep using a checking accounts, an online merchant accounts is necessary to be able to make use of online credit card processors.

Dollars that you simply earned via various credit card payments is transferred for your online vendor accounts. This sort of program is mostly applied for enormous volumes of sales as a single vendor accounts can take care of an limitless quantity of dealings which is fantastic for big online companies.

Considering that there is certainly no approach to know whether or not the particular person employing the credit card is the actual owner or not, there may be a charge-back function in online vendor accounts to combat against fraudulent transactions. Wherever the purchaser may well be, as extended as there is certainly internet connection, the buyer can access the virtual terminal. Finally, to produce much better support to clients, online retailers take advantage of API integration solutions for far more secure transactions. While using utilization of these online credit card processors, it is possible to easily and successfully finish your business enterprise dealings without the need of making very much work.