Hong Kong SVF accounts rise 1.8 percent to 90.38 million
The Hong Kong Monetary Authority reported that total stored value facility accounts reached 90.38 million at the end of the second quarter of 2026. Total quarterly transaction value edged up 0.1 percent to HK$264.7 billion across 2.2 billion transactions.
Adding value dominates turnover
According to the quarterly statistics from the Hong Kong Monetary Authority, stored value facility accounts in use expanded by 1.8 percent quarter-on-quarter to 90.38 million at the end of June 2026.
Total transaction volume reached approximately 2.2 billion, up 0.3 percent from the prior quarter, while total transaction value rose 0.1 percent to HK$264.7 billion.
Adding value represented the largest share of transaction value at HK$107.2 billion, followed by cash withdrawals at HK$59.6 billion.
Point-of-sale retail spending accounted for HK$47.7 billion, online spending payments totaled HK$33.8 billion, and peer-to-peer fund transfers reached HK$16.4 billion during the second quarter.
Annual volume slips despite user growth
Compared with the second quarter of 2025, the number of active stored value facility accounts increased by 9.2 percent, while total transaction volume rose 3.6 percent year-on-year.
However, the total transaction value contracted by 7.4 percent over the same period, pointing to lower average spending per transaction.
The total value of deposits and float stood at HK$21.8 billion at the end of the second quarter, marking a 0.6 percent increase from the previous quarter and a 7.3 percent gain year-on-year.
More accounts, smaller tickets
A 7.4 percent annual drop in transaction value despite rising user adoption shows declining ticket sizes in Hong Kong.
Consumers use digital wallets frequently but remain cautious on discretionary outlay.
Licensees must now monetize transaction frequency rather than turnover.