HKMA published statistics on payment cards issued in Hong Kong for Q1 2025. Total credit cards increased by 4.5%, with a 10.0% increase in transactions value. Debit card transactions increased by 12.8% in number but dropped by 2.0% in value.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") recently released payment card statistics for the first quarter of 2025. The report provides comprehensive data on credit and debit cards under eight major payment card schemes operating in Hong Kong.
At the end of Q1/2025, the total number of credit cards in circulation stood at 21.88 million, marking a 4.5% increase from the preceding quarter and a 9.5% rise from the corresponding period in 2024. Credit card transactions reached 332.44 million, a 2.0% decrease quarter-over-quarter but a 10.0% increase year-over-year. The transaction value surged to HK$274.1 billion, up 1.0% from the last quarter and 8.4% from the same period in 2024. Retail spending contributed to 67.9% of the transaction value.
Debit card transaction data was influenced by seasonal factors and economic conditions. The total number of debit card transactions related to retail sales and bills payments decreased by 1.8% to 54.48 million in Q1/2025, while the total value increased by 1.1% to HK$73.8 billion. Comparing these figures to the same period in 2024, the total number increased by 12.8% but the value dropped by 2.0%.
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