HKMA reports 22.8 million credit cards in circulation in Q2/2025, up 14.6% from the previous year, with total credit card transactions at 360.1 million, valued at HK$268.4 billion. Debit card transactions totaled 57.86 million, valued at HK$66.5 billion.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 19 September, the Hong Kong Monetary Authority ("HKMA") released quarterly payment card statistics for the second quarter of 2025. These statistics, available in Annex, encompass data on credit and debit cards issued under schemes of the eight key payment card operators. The HKMA began quarterly publication of this data in June 2010 to foster industry transparency, aligning with global standards.
As of the end of Q2/2025, the total number of credit cards in circulation was 22.8 million, marking a 4.2% quarterly increase and a 14.6% year-on-year growth. The total number of credit card transactions reached 360.1 million for Q2/2025, a rise of 8.3% quarterly and 11.8% year-on-year. The total value of credit card transactions stood at HK$268.4 billion for Q2/2025, a 2.1% quarterly decrease and a 12.2% year-on-year increase. Of this, HK$168.1 billion (62.7%) was attributed to retail spending in Hong Kong, HK$91.2 billion (34.0%) to overseas retail spending, and HK$9.0 billion (3.4%) to cash advances.
Due to the overlap of debit card brands, total debit card circulation data was unavailable. However, the total number of debit card transactions related to retail sales and bills payments increased by 6.2% to 57.86 million in Q2/2025, while the total transaction value decreased by 9.9% to HK$66.5 billion. Compared to the same period in 2024, the number of transactions rose by 11.8%, but the transaction value dropped by 0.5%.
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