ICBC’s debit cards include Peony Money Link Card {white} and Peony Money Link e-Age Card {blue}. Credit cards include: Peony Platinum Credit Card {Black}, Peony Credit Card (quasi-credit card), Peony Credit Card, Peony International Credit Card (Visa, MasterCard) and (American Express), Peony PetroChina International Credit Card, Peony Shanghai International Credit Card Credit card, Peony HNA International Credit Card, Peony Gome Credit Card {most of the above are yellow}, Happy Pig Fortune Peony Credit Card (stopped issuance) {black, white, gray}, Peony Sports Card (Dream Realization Series) {blue, black, red and yellow Five kinds of green} and (power series) {three kinds of purple, red and black}.
Bank cards refer to credit payment instruments issued to the public by approved commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposits and withdrawals, etc. Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes. The application of the automatic bank card settlement system has made the dream of a "checkless, cashless society" a reality.
The 20-year development history of China's bank card industry can be roughly divided into four stages:
The period from 1985 to the early 1990s is the initial stage.
From the early 1990s to the beginning of 1996, it was the stage when branches of various banks in large and medium-sized cities independently developed their bank card business. At this stage, the gold card project was launched.
From 1997 to the end of 2001, it was the stage when China’s bank cards gradually became universal on the Internet.
From 2001 to the present, China’s bank card network is in the in-depth development stage, and the number of bank cards issued by banking institutions across the country has grown rapidly.
Yang Zaiping, full-time vice president of the China Banking Association, said that as of the end of the first quarter of 2010, the number of cards issued in China reached 2.169 billion, a year-on-year increase of 14.9%. The usage rate of bank cards has gradually increased, and card consumption accounts for 30% of social consumption.
As of the end of 2011, the cumulative number of bank cards issued exceeded 2.85 billion, a year-on-year increase of 18%. Card consumption exceeded 16 trillion yuan, a year-on-year increase of more than 50%, accounting for more than 40% of total retail sales of consumer goods, an increase of about 6 percentage points from 2010. In 2011, there were more than 35,000 new convenient payment outlets across the country, 147,000 new direct-connection acceptance merchants and 210,000 POS machines in secondary cities and towns, bringing the total to 1.08 million and 1.516 million units respectively.
2.2 trillion yuan and 860 million bank card inter-bank transactions were realized throughout the year, accounting for 47.4% and 52% of the national bank card inter-bank transactions respectively. The contribution of transaction amount increased by 2.4 percentage points compared with the beginning of the year.
China UnionPay has joined forces with commercial banks to launch the Funong Card, which has been issued by 28 institutions in 28 provinces across the country, with more than 5 million cards issued throughout the year, becoming a new platform to serve "agriculture, rural areas and farmers".