Hong Kong Cards and Payments Industry: Emerging Trends and Opportunities to 2019
Los Angeles, California, March 23, 2016 (Newswire.com) - The Cards and Payments Industry in Hong Kong: Emerging Trends and Opportunities to 2019 report provides detailed analysis of market trends in Hong Kong cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (20102014).
The report also analyzes various payment cards market operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (20152019). It also offers information on the countrys competitive landscape, including market shares of issuers and schemes.
The report brings together, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.
The Cards and Payments Industry in Hong Kong: Emerging Trends and Opportunities to 2019 report provides top-level market analysis, information and insights into Hong Kong cards
and payments industry, including:
Current and forecast values for each market in Hong Kong cards and payments industry, including debit card, credit and charge cards, it also includes detailed analysis of the
prepaid card market.
Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards, it also, includes an overview of the countrys
key alternative payment instruments.
E-commerce market analysis
Analysis of various market drivers and regulations governing Hong Kong cards and payments industry
Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards
Comprehensive analysis of consumer attitudes and buying preferences for cards
The competitive landscape of Hong Kong cards and payments industry
To capitalize on the increasing cross-border trade between Hong Kong and mainland China, and cater to the fast-growing Chinese population working and studying in Hong Kong,
banks are issuing multiple-currency payment cards. For instance, Industrial and Commercial Bank of China (ICBC), in collaboration with UnionPay, launched the ICBC UnionPay Dual
Currency Platinum Card in July 2015. This card comes with UnionPays QuickPass service, which enables cardholders to make payments by tapping the card across 5 million QuickPass
terminals worldwide. While Hong Kong-based and overseas expenses are settled in the local currency, expenses made in mainland China are settled in the Chinese currency.
Similarly, Banco Nacional Ultramarino partnered with UnionPay to introduce a triple currency credit card in August 2015, which can be used in Hong Kong, mainland China and
Macau.
Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Octopus
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