Core Viewpoint - Shenzhen Rural Commercial Bank announced a plan to conduct six payment system maintenance works in 2026 to enhance customer service and ensure the security and stability of its payment systems [1] Group 1: Maintenance Schedule - The maintenance will take place on March 22, April 19, June 14, July 19, September 13, and November 15, 2026, starting at 00:00 and ending before 06:00 [1] - During the maintenance period, interbank transfer services and interbank collection and payment services will be suspended [1] Group 2: Impact on Services - Network payment services, including WeChat Pay, Alipay, Douyin Pay, and JD Pay, may experience temporary disruptions during the maintenance [1] - Normal services will resume after the completion of the maintenance work [1] Group 3: Customer Communication - The bank expressed appreciation for customer trust and support, and provided contact information for inquiries during the maintenance period [2]

Core Insights - The People's Bank of China reported that in the third quarter, a total of 1,685.08 billion non-cash payment transactions were processed, amounting to 150.336 trillion yuan [1] Group 1: Payment System Performance - The payment system in China operated smoothly in the third quarter, with a total of 1,652.78 billion card transactions amounting to 234.92 trillion yuan [1] - Consumer transactions accounted for 1,035.94 billion transactions, totaling 33.19 trillion yuan [1] Group 2: Electronic and Mobile Payments - Banks processed electronic payment transactions amounting to 94.54 trillion yuan, with mobile payment transactions reaching 13.753 trillion yuan [1] - Non-bank payment institutions handled 3,380.19 billion online payment transactions, totaling 85.28 trillion yuan [1]

Core Insights - The central viewpoint of the article highlights the significant growth in the banking sector's payment systems and the increasing reliance on non-cash and electronic payment methods in China as of the third quarter of 2025 [1] Group 1: Banking Accounts - As of the end of Q3 2025, a total of 15.395 billion bank accounts have been opened nationwide [1] - Among these, 119 million are corporate bank accounts, with 82.7091 million being basic deposit accounts [1] - Personal bank accounts account for 15.276 billion, indicating a strong consumer banking presence [1] Group 2: Non-Cash Payment Transactions - In Q3 2025, banks processed 168.508 billion non-cash payment transactions, amounting to 150.336 trillion yuan [1] - Electronic payment transactions reached 83.455 billion, with a total value of 94.540 trillion yuan [1] - Online payment transactions totaled 19.393 billion, valued at 79.259 trillion yuan, while mobile payment transactions accounted for 60.631 billion, amounting to 13.753 trillion yuan [1] Group 3: Payment System Operations - The payment systems, including various clearing systems, processed a total of 432.143 billion payment transactions in Q3 2025, with a total value of 349.998 trillion yuan [1] - This reflects the comprehensive integration of multiple payment platforms and the growing efficiency of the payment infrastructure in China [1]

Core Insights - The People's Bank of China released the "Overall Situation of the Payment System Operation in the Third Quarter of 2025," highlighting significant growth in banking accounts and non-cash payment transactions [1] Group 1: Banking Accounts - As of the end of the third quarter, a total of 15.395 billion bank accounts were opened nationwide [1] - Among these, 119 million were corporate bank accounts, with 82.7091 million being basic deposit accounts [1] - Personal bank accounts accounted for 15.276 billion, indicating a strong consumer banking presence [1] Group 2: Non-Cash Payment Transactions - In the third quarter, banks processed 168.508 billion non-cash payment transactions, amounting to 150.336 trillion yuan [1] - Electronic payment transactions reached 83.455 billion, with a total value of 94.540 trillion yuan [1] - Online payment transactions were 19.393 billion, valued at 79.259 trillion yuan, while mobile payment transactions totaled 60.631 billion, amounting to 13.753 trillion yuan [1] Group 3: Payment System Operations - The payment systems, including various clearing and settlement systems, processed a total of 432.143 billion payment transactions, with a total value of 349.998 trillion yuan [1]

Summary of Key Points Core Viewpoint - The central theme of the news is the analysis of the payment system's performance in China for the second quarter of 2025, highlighting trends in card usage, transaction volumes, and the ongoing decline in credit card numbers. Group 1: Card Issuance and Trends - As of the end of Q2 2025, a total of 10.068 billion bank cards were issued nationwide, reflecting a quarter-on-quarter increase of 0.68% [5][4] - Among these, debit cards accounted for 9.354 billion, with a quarter-on-quarter growth of 0.81%, while credit cards and combined lending cards totaled 0.715 billion, showing a decline of 0.83% [5][4] - The number of credit cards and combined lending cards decreased by 6 million from the previous quarter and by 12 million from the end of last year, marking a decline of over 11% from the peak of 8.07 billion in 2022 [8][11] Group 2: Transaction Volume and Trends - In Q2 2025, the total number of bank card transactions reached 146.662 billion, with a total transaction amount of 226.7 trillion yuan, representing a quarter-on-quarter increase of 12.9% in transaction volume but a decrease of 12.06% in transaction value [6][4] - Notably, the number of transactions for transfer and consumption increased significantly compared to Q1, while the number of cash deposit and withdrawal transactions declined by 18.24% and 18.77%, respectively [6][4] - The number of ATMs decreased to 775,700, down 2.12% from the previous quarter, continuing a trend of decline since reaching a peak of 1.1108 million ATMs at the end of 2018 [6][4] Group 3: Electronic Payment and Non-Bank Payment Institutions - In Q2 2025, banks processed 80.053 billion electronic payment transactions, amounting to 85.816 trillion yuan, with online payments accounting for 18.217 billion transactions and 70.785 trillion yuan [6][4] - Non-bank payment institutions handled 333.845 billion network payment transactions, totaling 8.211 trillion yuan, indicating an increase in transaction scale despite a year-on-year decline in transaction volume [6][4] Group 4: Credit Card Market Adjustments - The credit card market has seen significant adjustments, with several banks announcing changes to high-end credit card products, including increased usage thresholds and adjustments to benefits [14][15] - The trend of declining credit card numbers is attributed to banks' ongoing efforts to manage "sleeping cards" and the increasing challenges in credit card asset quality and profitability [11][15] - The industry is shifting from a focus on card issuance growth to enhancing user experience and lifecycle value, with an emphasis on digital transformation and risk management [12][15]

Core Insights - The People's Bank of China released the overall situation of the payment system for the second quarter of 2025, highlighting significant growth in electronic payment transactions [1] Group 1: Electronic Payment Statistics - In the second quarter, banks processed a total of 800.53 billion electronic payment transactions, amounting to 858.16 trillion yuan [1] - Online payment transactions accounted for 182.17 billion, with a total value of 707.85 trillion yuan [1] - Mobile payment transactions reached 583.86 billion, totaling 136.06 trillion yuan [1] Group 2: Non-Bank Payment Institutions - Non-bank payment institutions processed 3,338.45 billion network payment transactions, with a total value of 82.11 trillion yuan [1]