The whole variety of bank cards in circulation was 19.52 million by the top of the second quarter this 12 months, a 0.5 % drop from the earlier quarter and a 0.four % fall from the earlier 12 months, knowledge from the Hong Kong Financial Authority confirmed.
The whole variety of bank card transactions was 203.71 million for the quarter ended June, up by 0.four % from the earlier quarter. Transactions dropped by 0.6 % from the identical interval in 2019.
The whole value of bank card transactions was HK$143.6 billion for the second quarter, sliding by 15.7 % from 1 / 4 in the past and dropping by 24.three % year-on-year.
Of the full transaction value, HK$119.7 billion, or 83.four %, was associated to native retail spending, dropping 17.7 % year-on-year.
Additionally, HK$14 billion, or 9.eight %, was for retail spending abroad, a 56.four % plunged from a 12 months in the past.
On a quarterly foundation, the full variety of debit card transactions associated to retail gross sales and payments funds frll by 6.three % to 35.43 million whereas the full value fell by 19.2 % to HK$69 billion within the quarter ended June.