Tony Kim
Jun 20, 2025 11:27
The Hong Kong Financial Authority reviews a big rise in bank card circulation and transaction worth in Q1 2025, reflecting financial tendencies.
The Hong Kong Financial Authority (HKMA) has revealed its newest statistics on fee playing cards issued in Hong Kong, revealing a notable improve in bank card circulation for the primary quarter of 2025. In keeping with the HKMA, the entire variety of bank cards in circulation reached 21.88 million by the top of the quarter, marking a 4.5% rise from the earlier quarter and a considerable 9.5% improve from the identical interval final 12 months.
Credit score Card Transactions and Worth
The reported information additionally highlights the tendencies in bank card transactions, that are topic to seasonal and financial fluctuations. The entire variety of bank card transactions recorded was 332.44 million, reflecting a 2.0% lower from the prior quarter however a ten.0% improve in comparison with Q1 2024. The entire worth of those transactions amounted to HK$274.1 billion, with a modest improve of 1.0% from the earlier quarter and an 8.4% rise year-on-year. Of this worth, HK$186.1 billion was attributed to retail spending inside Hong Kong, HK$79.0 billion to abroad retail spending, and HK$9.0 billion to money advances.
Debit Card Transactions
Whereas detailed figures for debit card circulation are unavailable as a consequence of overlapping manufacturers on single playing cards, the statistics present that the entire variety of debit card transactions associated to retail gross sales and invoice funds decreased by 1.8% to 54.48 million in Q1 2025. Nonetheless, the entire transaction worth rose by 1.1% to HK$73.8 billion. In comparison with the identical quarter in 2024, there was a notable 12.8% improve in transaction numbers, though the transaction worth noticed a 2.0% decline.
Trade Context
The HKMA’s quarterly publication of fee card statistics, initiated in June 2010, goals to boost the transparency of Hong Kong’s fee card trade in alignment with worldwide requirements. The info encompasses data from each approved and non-authorized establishments underneath the schemes of eight main fee card operators, together with American Specific, Visa, and MasterCard, amongst others.
For additional particulars, the complete report and annexes could be accessed on the Hong Kong Financial Authority web site.
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