Hong Kong Monetary Authority: The total transaction volume of stored value payment tools in the second quarter was HK$173.8 billion, an increase of 4.6% compared to the previous quarter.

On September 20, the Hong Kong Monetary Authority announced the statistical data of stored value payment instruments issued by licensed holders in the second quarter of 2024. According to the quarterly statistics, at the end of the second quarter of 2024, the total number of active stored value payment instrument accounts was 75.36 million, up 2.4% from the previous quarter. In the second quarter of 2024, the total transaction volume of stored value payment instruments was about 2 billion, an increase of 1.0% from the previous quarter, while the total transaction amount was 173.8 billion Hong Kong dollars, an increase of 4.6% from the previous quarter. Of the total transaction amount, 42.8 billion Hong Kong dollars were for point of sale payments, 26 billion Hong Kong dollars were for online payments, 15.1 billion Hong Kong dollars were for person-to-person transfers, and 89.9 billion Hong Kong dollars were for value-added services. The total stored value amount and tool amount at the end of the second quarter of 2024 was 17.9 billion Hong Kong dollars, up 2.5% from the previous quarter. Compared to the end of the second quarter of 2023, the total number of active stored value payment instrument accounts at the end of the second quarter of 2024 increased by 14.5%, while the total stored value amount and tool amount increased by 8.2%. The total transaction volume and total transaction amount in the second quarter of 2024 increased by 0.4% and 3.3%, respectively, compared to the same period in 2023.