Hong Kong stored value transactions up 4.6% in Q2

A total of 2 billion transactions were made between April to June 2024.

Stored value facilities (SVF) in Hong Kong processed $173.8b worth of transactions in Q2 2024, 4.6% higher than in Q1, according to central bank data.

There is a total of 75.36 million SVF accounts in Hong Kong by end-Q2, the Hong Kong Monetary Authority (HKMA) reported.

A total of 2 billion SVF transactions were made during the period.

Of the $173.8b in SVF transactions, $42.8b was related to point-of-sale spending payment, $26b in online spending payment, $15.1b in P2P funds transfer and $89.9b in add value.

The total float and SVF deposit were $17.9b by the end of Q2, 2.5% higher than the previous quarter.