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Market
Market share change for Visa and Mastercard in China by Dec 31?
5
Resolution / Starting Odds
Visa gains market share • 33%
Mastercard gains market share • 33%
No significant change • 34%
Market analysis reports from financial research firms
Story
China Urges Visa, Mastercard to Lower Transaction Fees from 2-3% to 1.5%
Jun 21, 2024, 08:19 AM
China is urging Visa Inc. and Mastercard Inc. to lower their bank card transaction fees in the country. According to sources, Bloomberg News reported on June 21 that the Payment & Clearing Association of China (PCAC) issued a proposal on June 18 to reduce the fees from the current 2-3% to 1.5%. This move aims to facilitate payments for foreign visitors and enhance their payment experience. The PCAC is negotiating with the global card issuers to implement the fee reduction. The bulk of transaction fees typically go to other parties such as bank issuers and merchant acquirers.
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Visa market share decreases • 25%
Mastercard market share decreases • 25%
Both market shares decrease • 25%
Neither market share decreases • 25%
Alipay > 50%, WeChat Pay < 30% • 25%
Alipay < 50%, WeChat Pay > 30% • 25%
Both Alipay and WeChat Pay around 40% • 25%
Other • 25%
Increase by 1-2% • 25%
Increase by 3-4% • 25%
Increase by 5% or more • 25%
No significant change • 25%
Decrease by over 5% • 25%
Stable (within +/- 5%) • 25%
Increase by 5-10% • 25%
Increase by over 10% • 25%
Increases • 25%
Decreases • 25%
Remains the same • 25%
Other • 25%
Market share increases • 25%
Market share remains the same • 25%
Market share decreases slightly • 25%
Market share decreases significantly • 25%
Less than 50% • 25%
50% to 60% • 25%
60% to 70% • 25%
More than 70% • 25%
Yes • 50%
No • 50%
Visa gains market share • 25%
Mastercard gains market share • 25%
Both lose market share • 25%
No significant change • 25%
Increase • 25%
Decrease • 25%
Remain the same • 25%
Other • 25%
Stock prices increase • 33%
Stock prices decrease • 33%
Stock prices remain stable • 34%
Increase by 5% or more • 25%
Increase by 1-4% • 25%
No change • 25%
Decrease • 25%