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Country Report

Credit Card Transactions in

Credit Cards in Hong Kong, China

Nov 2019

US$990

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Executive Summary

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PROSPECTS

Credit cards remain immune to digital wallet threat

Credit cards remained one of the most popular forms of payments in Hong Kong in 2019. Both number of transactions and total value of transactions experienced strong growth in 2019.

Cash remains preferred reward system

Cash vouchers or rebates remained a popular marketing ploy in 2019 to drive credit card transactions. Almost all major players offer variations on the same principles; offering customers a fixed cash rebate or a percentage discount when making purchases with their credit card.

Commercial credit cards continue to take a backstep

Commercial credit cards remained in the background compared to personal credit cards in 2019. According to trade interviews, most major banks continued to focus their marketing efforts on the retail side, as that is where there is the most growth to capture.

COMPETITIVE LANDSCAPE

Citibank (Hong Kong) Ltd launches co-branded credit card with Octopus

As partnerships become increasingly important to reach new customers, Citi announced it was teaming up with Octopus, the ubiquitous contactless card used for transportation and small value payments, to offer people the opportunity to apply for a Platinum credit card through the Octopus app. This feature was made possible through the integration of the Citi Customers API and the Octopus app, re-enforcing the importance for banks to become more and more tech-savvy in order to expand their customer base.

Apple launching its own credit card

In March 2019, Apple announced it was planning to launch its own credit card, dubbed the Apple Card. One of its key attractions will be the fact that it does not have any numbers on it, potentially making it one of the most secure credit cards.

DBS launches Omni app

In a continuous push by many banks to make credit card applications easier, DBS launched its so-called DBS Omni app, which allows customers to easily apply for a credit card through their smartphone. Through a simplified process that eliminates the need to submit documents, customers can complete their application in only a matter of minutes.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in Hong Kong, China market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in Hong Kong, China?
What are the major operators and issuers in Hong Kong, China?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Credit Card Transactions in Hong Kong, China, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in Hong Kong, China - Category analysis

Charge Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Personal charge cards continue to decline

Commercial charge cards dominate

COMPETITIVE LANDSCAPE

American Express remains major player

Diners Club declining share

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2014-2019
Table 2 Charge Cards Transactions 2014-2019
Table 3 Charge Cards in Circulation: % Growth 2014-2019
Table 4 Charge Cards Transactions: % Growth 2014-2019
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2014-2019
Table 6 Commercial Charge Cards Transactions 2014-2019
Table 7 Commercial Charge Cards in Circulation: % Growth 2014-2019
Table 8 Commercial Charge Cards Transactions: % Growth 2014-2019
Table 9 Personal Charge Cards: Number of Cards in Circulation 2014-2019
Table 10 Personal Charge Cards Transactions 2014-2019
Table 11 Personal Charge Cards in Circulation: % Growth 2014-2019
Table 12 Personal Charge Cards Transactions: % Growth 2014-2019
Table 13 Charge Cards: Number of Cards by Issuer 2014-2018
Table 14 Charge Cards: Number of Cards by Operator 2014-2018
Table 15 Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 16 Charge Cards Payment Transaction Value by Operator 2014-2018
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2014-2018
Table 18 Commercial Charge Cards: Number of Cards by Operator 2014-2018
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2014-2018
Table 21 Personal Charge Cards: Number of Cards by Issuer 2014-2018
Table 22 Personal Charge Cards: Number of Cards by Operator 2014-2018
Table 23 Personal Charge Cards Transaction Value by Issuer 2014-2018
Table 24 Personal Charge Cards Transaction Value by Operator 2014-2018
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2019-2024
Table 26 Forecast Charge Cards Transactions 2019-2024
Table 27 Forecast Charge Cards in Circulation: % Growth 2019-2024
Table 28 Forecast Charge Cards Transactions: % Growth 2019-2024
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
Table 30 Forecast Commercial Charge Cards Transactions 2019-2024
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2019-2024
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2019-2024
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
Table 34 Forecast Personal Charge Cards Transactions 2019-2024
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2019-2024

Credit Cards in Hong Kong, China - Category analysis

Credit Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Credit cards remain immune to digital wallet threat

Cash remains preferred reward system

Commercial credit cards continue to take a backstep

COMPETITIVE LANDSCAPE

Citibank (Hong Kong) Ltd launches co-branded credit card with Octopus

Apple launching its own credit card

DBS launches Omni app

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2014-2019
Table 38 Credit Cards Transactions 2014-2019
Table 39 Credit Cards in Circulation: % Growth 2014-2019
Table 40 Credit Cards Transactions: % Growth 2014-2019
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 42 Commercial Credit Cards Transactions 2014-2019
Table 43 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 44 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 45 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 46 Personal Credit Cards Transactions 2014-2019
Table 47 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 48 Personal Credit Cards Transactions: % Growth 2014-2019
Table 49 Credit Cards: Number of Cards by Issuer 2014-2018
Table 50 Credit Cards: Number of Cards by Operator 2014-2018
Table 51 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 52 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 54 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 57 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 58 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 62 Forecast Credit Cards Transactions 2019-2024
Table 63 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 64 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 66 Forecast Commercial Credit Cards Transactions 2019-2024
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 70 Forecast Personal Credit Cards Transactions 2019-2024
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in Hong Kong, China - Category analysis

Debit Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Popularity of debit cards will face pressure from other payment methods

Number of debit cards in circulation continues to rise

COMPETITIVE LANDSCAPE

HSBC launches first ever 12 currency debit card

Increasing influx of Mainland China tourists boosts share of UnionPay

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2014-2019
Table 74 Debit Cards Transactions 2014-2019
Table 75 Debit Cards in Circulation: % Growth 2014-2019
Table 76 Debit Cards Transactions: % Growth 2014-2019
Table 77 Debit Cards: Number of Cards by Issuer 2014-2018
Table 78 Debit Cards: Number of Cards by Operator 2014-2018
Table 79 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 80 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 82 Forecast Debit Cards Transactions 2019-2024
Table 83 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 84 Forecast Debit Cards Transactions: % Growth 2019-2024

Pre-Paid Cards in Hong Kong, China - Category analysis

Pre-Paid Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Open loop cards continue to drive growth of pre-paid cards

Increasing number of digital players could threaten pre-paid cards

COMPETITIVE LANDSCAPE

Octopus expands partnerships in effort to counter competition

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 86 Pre-paid Cards Transactions 2014-2019
Table 87 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 88 Pre-paid Cards Transactions: % Growth 2014-2019
Table 89 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 91 Open Loop Pre-paid Cards Transactions 2014-2019
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 93 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 94 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 95 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 96 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 106 Forecast Pre-paid Cards Transactions 2019-2024
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in Hong Kong, China - Category analysis

Store Cards in Hong Kong, China - Company Profile

PROSPECTS

Financial Cards and Payments in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Traditional payment methods resist rise of mobile wallets

The launch of faster payment system (FPS)

HKMA grants first Virtual Banking Licences

HSBC expands its PayMe app to merchants

Convenience remains king

MARKET INDICATORS

Table 113 Number of POS Terminals: Units 2014-2019
Table 114 Number of ATMs: Units 2014-2019
Table 115 Value Lost to Fraud 2014-2019
Table 116 Card Expenditure by Location 2019
Table 117 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 118 Domestic versus Foreign Spend 2019

MARKET DATA

Table 119 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 120 Financial Cards by Category: Number of Accounts 2014-2019
Table 121 Financial Cards Transactions by Category: Value 2014-2019
Table 122 Financial Cards by Category: Number of Transactions 2014-2019
Table 123 Consumer Payments by Category: Value 2014-2019
Table 124 Consumer Payments by Category: Number of Transactions 2014-2019
Table 125 M-Commerce by Category: Value 2014-2019
Table 126 M-Commerce by Category: % Value Growth 2014-2019
Table 127 Financial Cards: Number of Cards by Issuer 2014-2018
Table 128 Financial Cards: Number of Cards by Operator 2014-2018
Table 129 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 130 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 131 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 132 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 133 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 134 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 135 Forecast Consumer Payments by Category: Value 2019-2024
Table 136 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 137 Forecast M-Commerce by Category: Value 2019-2024
Table 138 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Credit Cards in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Credit cards remain immune to digital wallet threat

Cash remains preferred reward system

Commercial credit cards continue to take a backstep

COMPETITIVE LANDSCAPE

Citibank (Hong Kong) Ltd launches co-branded credit card with Octopus

Apple launching its own credit card

DBS launches Omni app

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

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Table of Contents

Charge Cards in Hong Kong, China - Category analysis

Charge Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Personal charge cards continue to decline

Commercial charge cards dominate

COMPETITIVE LANDSCAPE

American Express remains major player

Diners Club declining share

CATEGORY DATA

Credit Cards in Hong Kong, China - Category analysis

Credit Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Credit cards remain immune to digital wallet threat

Cash remains preferred reward system

Commercial credit cards continue to take a backstep

COMPETITIVE LANDSCAPE

Citibank (Hong Kong) Ltd launches co-branded credit card with Octopus

Apple launching its own credit card

DBS launches Omni app

CATEGORY DATA

Debit Cards in Hong Kong, China - Category analysis

Debit Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Popularity of debit cards will face pressure from other payment methods

Number of debit cards in circulation continues to rise

COMPETITIVE LANDSCAPE

HSBC launches first ever 12 currency debit card

Increasing influx of Mainland China tourists boosts share of UnionPay

CATEGORY DATA

Pre-Paid Cards in Hong Kong, China - Category analysis

Pre-Paid Cards in Hong Kong, China - Company Profile

HEADLINES

PROSPECTS

Open loop cards continue to drive growth of pre-paid cards

Increasing number of digital players could threaten pre-paid cards

COMPETITIVE LANDSCAPE

Octopus expands partnerships in effort to counter competition

CATEGORY DATA

Store Cards in Hong Kong, China - Category analysis

Store Cards in Hong Kong, China - Company Profile

PROSPECTS

Financial Cards and Payments in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Traditional payment methods resist rise of mobile wallets

The launch of faster payment system (FPS)

HKMA grants first Virtual Banking Licences

HSBC expands its PayMe app to merchants

Convenience remains king

MARKET INDICATORS

MARKET DATA

SOURCES

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