Hello,welcome to Analysys
You are here:Home > Analysys Views>
Analysys:Transaction Scale of China’s Mobile Banking Service Reached RMB 59.48 Trillion, as Financial Technology Supported Intelligent Financial Services
According to the data in Quarterly Monitoring Report on China’s Mobile Banking Service in 2017Q4 issued by Analysys, in the 4th quarter of 2017, the transaction scale of the market reached RMB 59.48 trillion, up by 3.6% from the previous quarter.
  • 12 Apr, 2018
  • Finance
  • 64
According to the data in Quarterly Monitoring Report on China’s Mobile Banking Service in 2017Q4issued by Analysys, in the 4thquarter of 2017, the transaction scale of the market reached RMB 59.48 trillion, up by 3.6% from the previous quarter.

According to Analysys, in 2017, the Internet channels of commercial banks tended to be further mobile. They energetically developed mobile financial services represented by mobile banking, whose functions and application scenarios were continuously enriched. Meanwhile, they opened Class-II and Class-III e-account registration in mobile banking apps and enhanced FinTech application to support product and service innovation, improve user experience, and so on. Consequently, active users and transaction scales of mobile banking apps remained a stable growth. 

With respect to the market pattern of China’s mobile banking service in the 4thquarter of 2017, China Construction Bank ranked the first with 26.8% market shares, followed by Industrial and Commercial Bank of China (21.5%) and Agricultural Bank of China (13.2%). 
As with product innovation, China Merchants Bank, China Citic Bank, and Zhongyuan Bank Co., Ltd. released a new edition of mobile banking client, in an attempt to render diversified products and services more intelligent and to improve customer experience at the same time by enhancing FinTech apps. China Merchants Bank’s App6.0 went alive, comprehensively upgraded wealth management channels, constructed a pattern integrating branches, apps and scenes, realized pan-platform intelligence, launched new interactive design, CMB UI, and initially put forward the concept of mobile financial brand that “Each cent deserves”. China Citic Bank released a new edition of mobile banking client, upgraded customer experience, launched personal intelligent financial service, realized multidimensional safety guarantee, and initiated robo-adviser products. Zhongyuan Bank Co., Ltd. also released the mobile banking client of Version 4.0 and promoted robo-adviser, intelligent lending, AR account statement, etc. by a series of means like big data, cloud computer, augmented reality, face recognition, and fingerprint verification. In addition, ICBC made its robo-adviser, “AI Investment”, go alive. The service featured humanized and simple operation. “AI Investment” can analyze the trends of the markets such as stock market and bond market and provide fund portfolio schemes by intelligent investment models as long as clients select the specific investment risk grade and investment period. 
For more information about Internet education, please keep an eye on Analysys’s official WeChat account or call at 4006-515-715 for customer services.
Research Instruction:
Industrial analysis provided by Analysys is made mainly based on macroeconomic industrial data, final quarterly user survey data, historical data of the companies, quarterly business monitoring information of companies, etc. by Analysys’s industrial analysis models with reference to market research, industrial research and company research approaches. And such analysis mainly reflects the market status quo, trends, break points and rules as well as the development status quo of companies. 
Analysys believes that the data drawn according to the abovementioned industrial research approaches is within the recognized acceptable error range within the industry and can accurately reflect the industrial trends and change rules.
Such research outcomes made on the basis of professional research approaches aim to provide decision reference. For the actual data of a specific company, please refer to the financial reports released by that company.
Analysys Overview:
Analysys is a leading big data analysis company in the Chinese market. Since the establishment, Analysys has established the big data and analysis service ecological system cored by massive digital user assets and algorithm models. Analysys has been dedicated in providing product services such as digital user portraits and competition analysis and assisting in product operation for enterprises; and assisting enterprises in increasing revenues, saving expenditures, increasing effectiveness and evading risks by operation and management on digital user assets of the enterprises.The products in Analysys Family include Analysys Qianfan, Analysys Fangzhou, Analysys Wanxiang and Analysys Boyue.By December 31, 2017, Analysys had covered 2.25 billion intelligent terminals and monitored over 2.66 million mobile APPs.

Reading List

SHARE

2000-2016 Copyright ©Analysys Ltd.

Service :(+1) 3124666911/(+8610) 64666565/(+86) 13810406718    E-mail:service@analysys.com.cn