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Financial Cards and Payments in Hong Kong, China

  • ID: 1203399
  • Report
  • November 2020
  • Region: China, Hong Kong
  • 55 pages
  • Euromonitor International
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Like many markets, Hong Kong has been hit hard by COVID-19 and its measures taken to control it. Hong Kong’s economy was already under pressure with GDP contracting by 1.2% in 2019 and, with the added challenges presented by COVID-19, GDP is expected to decline by 6% in 2020. With added political tensions due to Hong Kong’s strained relations with Mainland China, consumer confidence is low and this has been reflected in weak consumer sentiment in 2020.

The publisher's Financial Cards and Payments 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: Financial Cards in Circulation, M-Commerce, 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 Financial Cards and Payments 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.
Note: Product cover images may vary from those shown
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EXECUTIVE SUMMARY
  • COVID-19 impact on consumer payments
  • COVID-19 country impact
  • Hong Kong’s government and its banks step into support consumers and businesses
  • Virtual banking expands
  • Card providers under pressure as spending drops
  • What next for consumer payments?
MARKET INDICATORS
  • Table 1 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
MARKET DATA
  • Table 2 Financial Cards by Category: Number of Cards in Circulation 2015-2020
  • Table 3 Financial Cards by Category: Number of Accounts 2015-2020
  • Table 4 Financial Cards Transactions by Category: Value 2015-2020
  • Table 5 Financial Cards by Category: Number of Transactions 2015-2020
  • Table 6 Consumer Payments by Category: Value 2015-2020
  • Table 7 Consumer Payments by Category: Number of Transactions 2015-2020
  • Table 8 M-Commerce by Category: Value 2015-2020
  • Table 9 M-Commerce by Category: % Value Growth 2015-2020
  • Table 10 Financial Cards: Number of Cards by Issuer 2015-2019
  • Table 11 Financial Cards: Number of Cards by Operator 2015-2019
  • Table 12 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
  • Table 13 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
  • Table 14 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 15 Forecast Financial Cards by Category: Number of Accounts 2020-2025
  • Table 16 Forecast Financial Cards Transactions by Category: Value 2020-2025
  • Table 17 Forecast Financial Cards by Category: Number of Transactions 2020-2025
  • Table 18 Forecast Consumer Payments by Category: Value 2020-2025
  • Table 19 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 20 Forecast M-Commerce by Category: Value 2020-2025
  • Table 21 Forecast M-Commerce by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
KEY DATA FINDINGS

2020 IMPACT
  • Personal debit cards benefit from drop in cash transactions
  • Number of debit cards continues to rise in line with the number of bank accounts
  • UnionPay’s key benefits lose appeal due to COVID-19
RECOVERY AND OPPORTUNITIES
  • Debit cards set for challenging forecast period
  • Virtual banking threatens the future of debit cards
  • Could virtual banking also present an opportunity?
CATEGORY DATA
  • Table 22 Debit Cards: Number of Cards in Circulation 2015-2020
  • Table 23 Debit Cards Transactions 2015-2020
  • Table 24 Debit Cards in Circulation: % Growth 2015-2020
  • Table 25 Debit Cards Transactions: % Growth 2015-2020
  • Table 26 Debit Cards: Number of Cards by Issuer 2015-2019
  • Table 27 Debit Cards: Number of Cards by Operator 2015-2019
  • Table 28 Debit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 29 Debit Cards Payment Transaction Value by Operator 2015-2019
  • Table 30 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
  • Table 31 Forecast Debit Cards Transactions 2020-2025
  • Table 32 Forecast Debit Cards in Circulation: % Growth 2020-2025
  • Table 33 Forecast Debit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Consumers curb spending due to economic uncertainty
  • Priorities change due to COVID-19
  • Standard Chartered responds to COVID-19 with new application requirements
RECOVERY AND OPPORTUNITIES
  • Credit cards expected to see a swift recovery once restrictions are lifted
  • New technology offers potential for credit cards
  • Apple Card generating some excitement
CATEGORY DATA
  • Table 34 Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 35 Credit Cards Transactions 2015-2020
  • Table 36 Credit Cards in Circulation: % Growth 2015-2020
  • Table 37 Credit Cards Transactions: % Growth 2015-2020
  • Table 38 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 39 Commercial Credit Cards Transactions 2015-2020
  • Table 40 Commercial Credit Cards in Circulation: % Growth 2015-2020
  • Table 41 Commercial Credit Cards Transactions: % Growth 2015-2020
  • Table 42 Personal Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 43 Personal Credit Cards Transactions 2015-2020
  • Table 44 Personal Credit Cards in Circulation: % Growth 2015-2020
  • Table 45 Personal Credit Cards Transactions: % Growth 2015-2020
  • Table 46 Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 47 Credit Cards: Number of Cards by Operator 2015-2019
  • Table 48 Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 49 Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 50 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 51 Commercial Credit Cards: Number of Cards by Operator 2015-2019
  • Table 52 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 53 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 54 Personal Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 55 Personal Credit Cards: Number of Cards by Operator 2015-2019
  • Table 56 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 57 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 58 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 59 Forecast Credit Cards Transactions 2020-2025
  • Table 60 Forecast Credit Cards in Circulation: % Growth 2020-2025
  • Table 61 Forecast Credit Cards Transactions: % Growth 2020-2025
  • Table 62 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 63 Forecast Commercial Credit Cards Transactions 2020-2025
  • Table 64 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
  • Table 65 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
  • Table 66 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 67 Forecast Personal Credit Cards Transactions 2020-2025
  • Table 68 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
  • Table 69 Forecast Personal Credit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Reliance on travel, tourism and foreign transactions puts pressure on charge cards
  • American Express dominates but loses customers due to COVID-19
  • Diners Club disappearing from the market as it struggles to compete with American Express
RECOVERY AND OPPORTUNITIES
  • Charge cards expected to continue on a downward trajectory
  • American Express launches 2020 Love Local campaign with the future of charge cards resting on its shoulders
  • Diners Club likely to retain niche status without significant investment
CATEGORY DATA
  • Table 70 Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 71 Charge Cards Transactions 2015-2020
  • Table 72 Charge Cards in Circulation: % Growth 2015-2020
  • Table 73 Charge Cards Transactions: % Growth 2015-2020
  • Table 74 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 75 Commercial Charge Cards Transactions 2015-2020
  • Table 76 Commercial Charge Cards in Circulation: % Growth 2015-2020
  • Table 77 Commercial Charge Cards Transactions: % Growth 2015-2020
  • Table 78 Personal Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 79 Personal Charge Cards Transactions 2015-2020
  • Table 80 Personal Charge Cards in Circulation: % Growth 2015-2020
  • Table 81 Personal Charge Cards Transactions: % Growth 2015-2020
  • Table 82 Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 83 Charge Cards: Number of Cards by Operator 2015-2019
  • Table 84 Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 85 Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 86 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 87 Commercial Charge Cards: Number of Cards by Operator 2015-2019
  • Table 88 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 89 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 90 Personal Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 91 Personal Charge Cards: Number of Cards by Operator 2015-2019
  • Table 92 Personal Charge Cards Transaction Value by Issuer 2015-2019
  • Table 93 Personal Charge Cards Transaction Value by Operator 2015-2019
  • Table 94 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 95 Forecast Charge Cards Transactions 2020-2025
  • Table 96 Forecast Charge Cards in Circulation: % Growth 2020-2025
  • Table 97 Forecast Charge Cards Transactions: % Growth 2020-2025
  • Table 98 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 99 Forecast Commercial Charge Cards Transactions 2020-2025
  • Table 100 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
  • Table 101 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
  • Table 102 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 103 Forecast Personal Charge Cards Transactions 2020-2025
  • Table 104 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
  • Table 105 Forecast Personal Charge Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Consumers remain at home putting dent in pre-paid card transactions
  • Octopus and coffee fuel pre-paid cards
  • Octopus looks to extend its reach into more areas
RECOVERY AND OPPORTUNITIES
  • Once COVID-19 is contained pre-paid cards should return to growth
  • Octopus appoints new CEO as it eyes further expansion
  • Increasing competition expected to test pre-paid cards
CATEGORY DATA
  • Table 106 Pre-paid Cards: Number of Cards in Circulation 2015-2020
  • Table 107 Pre-paid Cards Transactions 2015-2020
  • Table 108 Pre-paid Cards in Circulation: % Growth 2015-2020
  • Table 109 Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 110 Closed Loop Pre-paid Cards Transactions 2015-2020
  • Table 111 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 112 Open Loop Pre-paid Cards Transactions 2015-2020
  • Table 113 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 114 Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 115 Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 116 Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 117 Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 118 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 119 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 120 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 121 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 122 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 123 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 124 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 125 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 126 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 127 Forecast Pre-paid Cards Transactions 2020-2025
  • Table 128 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 129 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 130 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
  • Table 131 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 132 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 133 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
RECOVERY AND OPPORTUNITIES
Note: Product cover images may vary from those shown
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