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:
Key Questions Answered by the report
Reasons to Purchase this report
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
Hong Kong Cards and Payments Market
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