Hong Kong Cards & Payments Opportunities and Risks to 2025


The Stored Value Facilities Transaction Value in Hong Kong is 201,601 HK$ Mn in 2019 and it is expected that it will grow to 505,879 HK$ Mn in 2025 with CAGR 16.22% from 2020 to 2025.
 
The Credit Cards Transaction Value in Hong Kong is 763,145 HK$ Mn in 2019 and it is expected that it will grow to 918,433 HK$ Mn in 2025 with CAGR 3.10% from 2020 to 2025.

The Debit Cards Transaction Value in Hong Kong is 339,698 HK$ Mn in 2019 and it is expected that it will grow to 371,996 HK$ Mn in 2025 with CAGR 1.54% from 2020 to 2025.

This report focuses on the Hong Kong Cards and Payments status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cards and Payments development in Hong Kong.

The key players covered in this study
Octopus
AlipayHK
Wechat Pay
HKT Payment Limited

Market segment by Payment Instrument, the product can be split into
Stored Value Facility
Credit Card
Debit Card
Market segment by Payment Channel, split into
Online
Offline
1 Report Overview	1
1.1 Study Scope	1
1.2 Key Market Segments	1
1.3 Players Covered	2
1.4 Market Analysis by Payment Instrument	2
1.4.1 Hong Kong Cards and Payments Transaction Value and Growth Rate by Payment Instrument (2014-2025)	3
1.4.2 Stored Value Facility	3
1.4.3 Retail Payment System	4
1.5 Stored Value Facility Transaction Value Market by Payment Channel	6
1.5.1 Hong Kong Stored Value Facility Transaction Value by Payment Channel (2019-2025)	7
1.5.2 Hong Kong Stored Value Facility Online Total Value of Transactions and Growth (2014-2025)	7
1.5.3 Hong Kong Stored Value Facility Offline Total Value of Transactions and Growth (2014-2025)	8
1.6 Study Objectives	8
1.7 Years Considered	9
2 Hong Kong Cards and Payments Transaction Value Growth Trends	10
2.1 Hong Kong Cards and Payments Transaction Value	10
2.2 Industry Trends	12
2.2.1 Market Trends	12
2.2.2 Market Drivers	13
2.2.3 Market Opportunities	13
3 Stored Value Facility Market by Key Players	15
3.1 Stored Value Facility Market by Players	15
3.1.1 Hong Kong Stored Value Facility Transaction Value by Players (2018-2019)	16
3.1.2 Hong Kong Stored Value Facility Transaction Value Market Share by Players (2018-2019)	16
3.1.3 Hong Kong Stored Value Facility Market Concentration Ratio (CR3)	17
3.2 Stored Value Facility Key Players Head office and Area Served	17
3.3 Stored Value Facility Key Players Product/Solution/Service	17
3.4 Date of Enter into Stored Value Facility Market	18
4 Breakdown Data by Payment Instrument	19
4.1 Hong Kong Cards and Payments Transactions Value by Payment Instrument (2014-2019)	19
4.2 Hong Kong Stored Value Facility Transactions Value and Growth Rate	19
4.3 Hong Kong Credit Cards Transactions Value and Growth Rate	20
4.4 Hong Kong Debit Cards Transactions Value and Growth Rate	21
5 Breakdown Data by Payment Channel	22
5.1 Hong Kong Stored Value Facility Transactions Value by Payment Channel (2014-2019)	22
5.2 Hong Kong Credit Card Transactions Value by Payment Channel (2014-2019)	24
6 Key Payment Operators Profiles	26
6.1 Octopus Cards Limited	26
6.1.1 Octopus Cards Limited Company Details	26
6.1.2 Company Description and Business Overview	26
6.1.3 Cards and Payments Market Share by Payment Channel	27
6.1.4 Octopus Cards Limited Transaction Value in Cards and Payments Business (2018-2019)	27
6.1.5 Octopus Cards Limited Recent Development	27
6.2 Alipay	27
6.2.1 Alipay Company Details	27
6.2.2 Company Description and Business Overview	28
6.2.3 Cards and Payments Market Share by Payment Channel	28
6.2.4 Alipay Transaction Value in Cards and Payments Business (2018-2019)	29
6.2.5 Alipay Recent Development	29
6.3 Wechat Pay	29
6.3.1 Wechat Pay Company Details	29
6.3.2 Company Description and Business Overview	30
6.3.3 Cards and Payments Market Share by Payment Channel	30
6.3.4 Wechat Pay Transaction Value in Cards and Payments Business (2018-2019)	30
6.4 HKT Payment Limited	31
6.4.1 HKT Payment Limited Company Details	31
6.4.2 Company Description and Business Overview	31
6.4.3 Cards and Payments Market Share by Payment Channel	32
6.4.4 Octopus Cards Limited Transaction Value in Cards and Payments Business (2018-2019)	32
7 Market Forecast 2019-2025	33
7.1 Transactions Value Forecast by Payment Instrument (2019-2025)	33
7.2 Transactions Value Forecast by Payment Channel (2019-2025)	33
8 Analyst's Viewpoints/Conclusions	36
9 Appendix	37
9.1 Research Methodology	37
9.1.1 Methodology/Research Approach	37
9.1.1.1 Research Programs/Design	37
9.1.1.2 Market Size Estimation	38
9.1.1.3 Market Breakdown and Data Triangulation	39
9.1.2 Data Source	41
9.1.2.1 Secondary Sources	41
9.1.2.2 Primary Sources	41
9.2 Disclaimer	42
9.3 Author Details	43

Table Stored Value Facilities and Retail Payment Systems in Hong Kong 1 Figure Stored Value Facilities and Retail Payment Systems in Hong Kong 1 Table Cards and Payments Key Market Segments 2 Table Key Players Cards and Payments Covered in This Report (HK$ Mn) 2 Table Hong Kong Cards and Payments Transaction Value Growth Rate by Payment Instrument (2014-2025) (HK$ Mn) 3 Figure Type of Payment Facilities 3 Table Stored Value Facility Licensees in Hong Kong 4 Table Retail Payment System Operator in Hong Kong 5 Figure Debit Cards 5 Figure Credit Cards 6 Table Hong Kong Stored Value Facility Transaction Value Growth by Payment Channel (2014-2025) (HK$ Mn) 7 Figure Hong Kong Stored Value Facility Online Total Value of Transactions and Growth (2014-2025) (HK$ Mn) 7 Figure Hong Kong Stored Value Facility Offline Total Value of Transactions and Growth (2014-2025) (HK$ Mn) 8 Figure Cards and Payments Report Years Considered 9 Table Value of the Total Retail Sales in Hong Kong from 2009 to 2019(in billion Hong Kong dollars) 10 Figure Hong Kong Total Value of Stored Value Facility Transactions ($HK Mn) 11 Figure Hong Kong Total Value of Debit Card Transactions for Retail Sales/Bill Payments ($HK Mn) 11 Figure Hong Kong Total Value of Credit Card Transactions ($HK Mn) 12 Table Top 10 e-commerce Platforms in Hong Kong 13 Table Hong Kong Stored Value Facility Transaction Value by Players (2018-2019) (HK$ Mn) 16 Table Hong Kong Stored Value Facility Transaction Value Market Share by Players (2014-2019) 16 Table Hong Kong Stored Value Facility Transaction Value Market Concentration Ratio (CR3) 17 Table Key Players Head office and Area Served 17 Table Key Players Cards and Payments Product/Solution/Service 17 Table Stored Value Facility Licence Effective Date 18 Table Hong Kong Cards and Payments Transactions Value by Payment Instrument (2014-2019) (HK$ Mn) 19 Figure Hong Kong Stored Value Facility Transactions Value and Growth Rate (2014-2019) (HK$ Mn) 19 Figure Hong Kong Credit Cards Transactions Value and Growth Rate (2014-2019) (HK$ Mn) 20 Figure Hong Kong Debit Cards Transactions Value and Growth Rate (2014-2019) (HK$ Mn) 21 Table Hong Kong Stored Value Facility Transactions Value by Payment Channel (2014-2019) (HK$ Mn) 22 Table Hong Kong Stored Value Facility Transactions Value Share by Payment Channel (2014-2019) 22 Figure Hong Kong Stored Value Facility Transactions Value Market Share by Payment Channel (2014-2019) 23 Figure Hong Kong Stored Value Facility Transactions Value Market Share by Payment Channel in 2019 23 Table Hong Kong Credit Card Transactions Value by Payment Channel (2014-2019) (HK$ Mn) 24 Table Hong Kong Credit Card Transactions Value Share by Payment Channel (2014-2019) 24 Figure Hong Kong Credit Card Transactions Value by Payment Channel (2014-2019) 24 Figure Hong Kong Credit Card Transactions Value Market Share by Payment Channel in 2019 25 Table Octopus Cards Limited Company Details 26 Table Company Description and Business Overview 26 Table Octopus Cards Limited Cards and Payments Market Share by Payment Channel 2019 27 Table Octopus Cards Limited Transaction Value in Cards and Payments Business (2018-2019) (HK$ Mn) 27 Table Octopus Cards Limited Recent Development 27 Table Alipay Company Details 27 Table Company Description and Business Overview 28 Table Alipay Cards and Payments Market Share by Payment Channel 2019 28 Table Alipay Transaction Value in Cards and Payments Business (2018-2019) (HK$ Mn) 29 Table Alipay Recent Development 29 Table Wechat Pay Company Details 29 Table Company Description and Business Overview 30 Table Wechat Pay Cards and Payments Market Share by Payment Channel 2019 30 Table Wechat Pay Transaction Value in Cards and Payments Business (2018-2019) (HK$ Mn) 30 Table HKT Payment Limited Company Details 31 Table Company Description and Business Overview 31 Table Octopus Cards Limited Cards and Payments Market Share by Payment Channel 2019 32 Table Octopus Cards Limited Transaction Value in Cards and Payments Business (2018-2019) (HK$ Mn) 32 Table Hong Kong Cards and Payments Transactions Value by Payment Instrument (2019-2025) (HK$ Mn) 33 Table Hong Kong Stored Value Facility Transactions Value by Payment Channel (2019-2025) (HK$ Mn) 33 Figure Hong Kong Stored Value Facility Transactions Value by Payment Channel (2019-2025) 34 Table Hong Kong Credit Card Transactions Value by Payment Channel (2019-2025) (HK$ Mn) 34 Figure Hong Kong Credit Card Transactions Value by Payment Channel (2019-2025) 35 Table Research Programs/Design for This Report 37 Figure Bottom-up and Top-down Approaches for This Report 39 Figure Data Triangulation 40 Table Key Data Information from Secondary Sources 41 Table Key Data Information from Primary Sources 42

This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users). All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from QYResearch and presented in this report.
 

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
 

Secondary Sources occupies Approximately 25% of Sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on; This research study involved the usage of widespread secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; BIS Statistics; ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Light Aircraft market. It was also used to obtain important information about the top players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
 

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers etc.
 

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
 

Primary research was conducted to identify segmentation types, product price range, product applications, key players, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
 

New Semiconductor and Electronics Reports

GNSS chips & modules Market Insights, Trends & Growth Outlook to 2025

According to trusted projections, global GNSS chips & modules market is expected to witness strong growth during 2020-2025. Surging usage of high-speed internet applications such as autonomous driving, distance learning, video conferencing, and o...

Power Cell Phone Connector Market Research Report - Forecast to 2025

As per the credible sources, cell phone connector market is poised to acquire commendable gains by the year 2025. Rising per capita income along with evolving consumer lifestyle have increased the adoption of consumer electronics for the purpose of c...

Power Discretes Devices & Modules Market Size 2020-2025 | Growth Forecasts

According to trusted estimates, global power discretes devices & modules market to display strong growth trends during 2020-2025. Extensive use in consumer electronics such as smartphones, wearables, and IoT devices, in tandem with growing trend ...

Haptic Actuators Market - Growth, Trends and Forecast to 2025

As per credible estimates, haptic actuators market is set to record a remunerative growth rate through 2025. Shifting preference for touch response solutions owing to rising acceptance of visual feedback technology is a major factor driving the marke...

Haptic Motors Market Research Report - Forecast to 2025

According to trusted estimates, global haptic motors market is expected to witness prominent gains during 2020-2025. Rising demand for haptic sensors and actuators from consumer electronics industry with a key focus on enhancing the user experience o...

Other Reports by QY Research

Global Real-time Production Monitoring Software Market Size, Status and Forecast 2020-2026

Real-time Production Monitoring Software market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Real-time Production Monitoring Software market will be able to gain the upper hand as they use the ...

Global Automotive Acoustic Insulation Materials Market Insights and Forecast to 2026

Automotive Acoustic Insulation Materials market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Acoustic Insulation Materials market will be able to gain the upper hand as they use the ...

Global Kvass Market Insights and Forecast to 2026

Kvass market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Kvass market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales...

Global Trailer Tire Inflation Systems Market Insights and Forecast to 2026

Trailer Tire Inflation Systems market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Trailer Tire Inflation Systems market will be able to gain the upper hand as they use the report as a powerful...

Global Lipgloss Market Insights and Forecast to 2026

Lipgloss market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Lipgloss market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on...

Publisher: QY Research
Chat with us