Since the reopening of borders in the fourth quarter of 2022, there has been a surge in enthusiasm among Hong Kong locals to travel abroad after enduring three years of the pandemic. Residents are now showing a strong and sustained interest in reallocating their spending from daily expenses in Hong Kong towards their outbound travel budget. Hong Kong's outbound expenditure is set to recover to 93% of its pre-pandemic levels by the end of 2023, according to Euromonitor International’s Travel Syst...
Euromonitor International's Credit 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 Credit Card Transactions, Personal Credit 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 Credit 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.
Credit Cards in Hong Kong, China
Euromonitor International
November 2023
List Of Contents And Tables
CREDIT CARDS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Overseas consumption thrives as players tailor offers and rewards for travel payments
Greater Bay Area integration fosters seamless payment options
Buy Now Pay Later struggles as credit cards remain popular payment method
PROSPECTS AND OPPORTUNITIES
Convenience of contactless payments to transform consumer habits in credit card usage
Targeting affluent segment as players eye potential of Greater Bay Area integration
Building brand equity will be key to differentiate from competitors
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
Table 2 Credit Cards Transactions 2018-2023
Table 3 Credit Cards in Circulation: % Growth 2018-2023