HKMA released Q4 2025 SVF statistics on 20 Mar 2026, showing 86.4 million accounts and HK$272.4 billion transaction value.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
On Fri, 20 Mar, the Hong Kong Monetary Authority ("HKMA") published statistics on Stored Value Facility ("SVF") schemes issued by licensees for the fourth quarter of 2025.
Quarterly Performance Metrics
At the end of Q4 2025, the total number of SVF accounts in use reached 86.4 million, a 3.6% increase from the previous quarter. Total SVF transactions amounted to approximately 2.3 billion, representing a 6.6% rise compared to the prior period.
Transaction Value and Category Breakdown
The total value of SVF transactions was HK$272.4 billion in Q4 2025, up 1.3% from the previous quarter. This value comprised HK$47.5 billion in point-of-sale spending, HK$34.3 billion in online spending, HK$16.5 billion in P2P funds transfer, HK$60.6 billion in withdrawal, and HK$113.5 billion in add value.
Float and Deposit Metrics
Total float and SVF deposits stood at HK$21.6 billion at the end of Q4 2025, marking a 4.1% increase from the previous quarter.
Year-Over-Year Comparisons
Compared to the end of Q4 2024, the total number of SVF accounts in use increased by 8.3%, and total float and SVF deposits rose by 12.8%. However, total SVF transactions during Q4 2025 were up by only 0.7% year-on-year, while the total value decreased by 4.6%.
Regulatory Definitions
The term total number of SVF accounts in use refers to the total number of SVF accounts that can be used as at the end of the reporting period. The terms float and SVF deposit follow their definitions in the Payment Systems and Stored Value Facilities Ordinance.
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