HKMA released Q1 2026 SVF statistics showing 88.78 million accounts and HK$264.6 billion transaction value.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Thu, 18 Jun, The Hong Kong Monetary Authority ("HKMA") published today (18 June) statistics on SVF schemes issued by SVF licensees for the first quarter of 2026. This report encompasses quarterly data on SVF schemes issued by the licensees for the relevant periods.
Quarter-on-Quarter Performance Metrics
As of Q1 2026, active SVF accounts totaled 88.78 million, reflecting a 2.7% increase from the prior quarter. Transaction volume reached approximately 2.2 billion, a 3.6% decline, while transaction value stood at HK$264.6 billion, down 2.9%. Breakdowns include HK$47 billion in POS payments, HK$34.4 billion in online spending, HK$17 billion in P2P transfers, HK$59.5 billion in withdrawals, and HK$106.7 billion in value additions. Total float and SVF deposits reached HK$21.7 billion, up 0.7%.
Year-on-Year Comparative Analysis
Comparing Q1 2026 to Q1 2025, active SVF accounts grew by 9.7%, and total float plus SVF deposits increased by 11.4%. Transaction volume rose by 5.1% year-on-year; however, total transaction value decreased by 8.2%.
Regulatory Definitions and Notes
The term "Total number of SVF accounts in use" denotes accounts available as of the reporting period's end. "Float" and "SVF deposit" adhere to definitions under the Payment Systems and Stored Value Facilities Ordinance.
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