A financial center with a population of 7 million, Hong Kong is a hub for finance, technology, and culture in Asia and beyond.
34% of payments are made with credit cards, 38% use prepaid debit cards. 25% use mobile wallets, with this share set to increase due to the emergence of Alipay and WeChat Pay in the region. Contactless and mobile payments are becoming more popular with many businesses adding Apple Pay and Google Pay ™ to their payment mix.
Hong Kong has a mature ecommerce market and credit cards are the most popular way to pay online. In our recent Agility Report, we also discovered that 79% of shoppers in Hong Kong want retailers to offer cross-channel experiences.