Tuesday, June 26, 2007

No quick profit in China credit card market -survey

(Reuters) - The survey, commissioned by a unit of First Data Corp. , a credit card transaction processor, found that 85 percent of respondents believe the prospects for credit cards in China are promising.




But 43 percent of retail bankers reckon it will be hard to make money in the market over the next three years, due in part to inadequate payment and regulatory infrastructure and a deep-rooted savings culture that shuns plastic, the survey found.


Read more at Reuters.com Bonds News

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