There has been a decline in the number of high net worth individuals (HNWI) in Hong Kong since 2020. In response, charge card operators such as American Express and Diners Club are determined to customise their latest offers to better cater for this shrinking client base. Following the reopening of borders, there has been a surge in revenge travel, leading to a significant shift in the spending patterns of affluent individuals. A substantial portion of their expenditure is now directed towards t...
Euromonitor International's Charge Card Transactions in Hong Kong, China report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Charge Card Transactions, Personal Charge Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Charge Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Charge Cards in Hong Kong, China
Euromonitor International
November 2023
List Of Contents And Tables
CHARGE CARDS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Travel-related spending and cross-border payments as drivers of charge cards
Fostering brand awareness as players diversify to credit cards
PROSPECTS AND OPPORTUNITIES
Charge cards expected to remain niche as qualifying younger consumers’ values shift
Greater Bay Area integration could bring new opportunities
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2018-2023
Table 2 Charge Cards Transactions 2018-2023
Table 3 Charge Cards in Circulation: % Growth 2018-2023