A total of 8.98 billion bank cards issued nationwide
Our newspaper, Beijing, September 23 (Reporter Wang Junling) The China Banking Association has officially released the "Blue Book of China's Bank Card Industry Development (2021)", which covers the development of the bank card industry, standardized operations, products and services, digital transformation, risk management, and Responsibilities and contributions and other aspects introduced various work measures and work results of my country's bank card industry in 2020.
The latest data provided by the "Blue Book" shows that as of the end of 2020, the total number of bank cards issued nationwide was 8.98 billion, and 450 million new cards were issued that year, a year-on-year increase of 5.3%; the total amount of bank card transactions nationwide was 792.8 trillion yuan, a year-on-year decrease 3.6%.
As of the end of 2020, the total number of merchants accepted nationwide was 28.948 million, a year-on-year increase of 22.5%; the total number of accepted machines was 38.330 million units, a year-on-year increase of 24.1%.
The "Blue Book" shows that with the exploration and application of financial technologies such as artificial intelligence, biometrics, big data, and cloud computing, digital thinking concepts and business methods are being integrated into the bank card industry in all directions.
On the whole, commercial banks have deployed financial technology, accelerated the process of bar code payment and interoperability, and gradually opened up the service barriers of various bar code payments in the market, which has improved the convenience of daily consumption by Chinese residents.