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Pulished Date April, 2021
ID: 6693
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Hong Kong Cards And Payments Market Analysis - Segmentation By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2021-2026)

Pulished: April, 2021
ID: 6693
Pages: 85

Hong Kong Cards And Payments Market Analysis (2021-2026)

Market Data Forecast’s "Hong Kong Cards And Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payment options in online trade and significant government frameworks impacting the overall payment card market of Hong Kong.

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Hong Kong.

Hong Kong Cards and Payments Market – Key Insights of the Report:

Hong Kong Monetary Authority (HKMA) collaborated with Hong Kong Interbank Clearing for the development of a Faster Payment System in the country to meet the growing demand for cashless transactions. As of now, electronic clearing handles low-value transactions and Hong Kong Dollar Clearing House Automated Transfer System deals with the settlement of high-value banks to bank transactions.

The gaining traction of alternative payments in the country like QuickPass, HCE and token-based mobile payment solution launched by UnionPay that enables users to pay for the transactions at contactless POS terminals, and Samsung Pay, which is accepted at different merchant stores, and Bank of China Tap & Go wallet, where customers can add funds on the spot with the Instant Bank Transfer option, apart from the recharge using local coins at HEYCOINS kiosks.

The advent of payment solutions by leading scheme providers such as MasterPass digital wallet by MasterCard, used for mobile payments without disclosing any user card details, and VisaCheckout online payments by Visa, using an authentication process over smartphone storing customer's payment and shipping information.

Some of the Dominating players in the Market:

  1. EPS
  2. HSBC
  3. Standard Chartered
  4.  Bank of China
  5. Bank of East Asia
  6. DBS Bank
  7. Citibank
  8. Aeon Credit Service

Key Questions Answered by the report

  • What is the market size of the Hong Kong Cards and Payments market?
  • What are the major operators and issuers in Hong Kong?
  • What is the current state of emerging payment technologies?

Reasons to Purchase this report

  • Track key industry trends, opportunities and threats related to the Hong Kong cards and payments industry and each market within it.
  • Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
  • Gain insights into marketing strategies used by market players for various card types in Hong Kong.
  • Gain insights into key regulations governing the Hong Kong cards and payments market

 

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking

5. Market Attractiveness

6. Industry Enablers

6.1 Emerging Payment Technologies

6.2 Growing E-commerce Market

6.2.1 E-commerce Mix by Payment Method

6.3 EMV Migration

6.4 Contactless Cards

7. Regulatory Framework

8. Key Industry Events

9. Merchant Acquiring Business Overview

9.1 Business Overview & Key Operators

9.2 Regulatory Framework

9.3 Technological Changes

10. Market Segmentation

10.1 Cards for Students

10.2 Cards for Travelers

10.3 Cards for High-income Customers

10.4 Cards for Frequent Shoppers

11. Market Sizing

11.1 Debit Cards Market Overview

11.1.1 Scheme Providers

11.1.2 Key Issuers

11.2 Pay Later Cards Market Overview

11.2.1 Scheme Providers

11.2.2 Key Issuers

11.3 Payment Terminals Market

11.4 Payment Instruments Market

12. Key Operators in the Market

12.1 EPS

12.1.1 Company Snapshot

12.1.2 SWOT Analysis

12.1.3 Cards Portfolio

12.2 HSBC

12.2.1 Company Snapshot

12.2.2 SWOT Analysis

12.2.3 Cards Portfolio

12.3 Standard Chartered

12.3.1 Company Snapshot

12.3.2 SWOT Analysis

12.3.3 Cards Portfolio

12.4 Bank of China

12.4.1 Company Snapshot

12.4.2 SWOT Analysis

12.4.3 Cards Portfolio

12.5 Bank of East Asia

12.5.1 Company Snapshot

12.5.2 SWOT Analysis

12.5.3 Cards Portfolio

12.6 DBS Bank

12.6.1 Company Snapshot

12.6.2 SWOT Analysis

12.6.3 Cards Portfolio

12.7 Citibank

12.7.1 Company Snapshot

12.7.2 SWOT Analysis

12.7.3 Cards Portfolio

12.8 Aeon Credit Service

12.8.1 Company Snapshot

12.8.2 SWOT Analysis

12.8.3 Cards Portfolio

12.9 Mastercard

12.9.1 Company Snapshot

12.9.2 SWOT Analysis

12.9.3 Cards Portfolio

                12.10 Visa

                12.11 American Express

                12.12 Diners Club

13. Appendix

13.1 Total Cards Market Stats

13.2 Debit Cards Market Stats

13.2.1 Debit Cards Use at Payment Terminals

13.2.2 Debit Cards Market – Scheme Providers Data

13.3 Pay Later Cards Market Stats

13.3.1 Pay Later Cards Use at Payment Terminals

13.3.2 Pay Later Cards Market – Scheme Providers Data

13.4 Payment Terminals Data

13.5 Payment Instruments Data

  • This report provides an inclusive analysis of the Hong Kong cards and payments market.
  • It provides current values for the Hong Kong cards and payments market for 2021 and forecast figures for 2026.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Hong Kong cards and payments market

Hong Kong Cards and Payments Market

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