The Hong Kong Monetary Authority (HKMA) published first quarter 2025 statistics on stored value facility (SVF) schemes issued by SVF licensees and, starting with this release, introduced a new “withdrawal” transaction category to provide more information on SVF transaction activity. The addition of withdrawal data prompted reclassification of certain transactions previously recorded as point-of-sale spending, online spending or P2P funds transfers, with Q1 2024 and Q4 2024 figures adjusted to support cross-period comparison. At end-Q1 2025, SVF accounts in use totalled 80.89 million, up 1.4% quarter-on-quarter. Q1 2025 recorded around 2.1 billion SVF transactions (down 7.6% quarter-on-quarter) with a total value of HKD 288.4 billion (up 1.0%), comprising HKD 46.0 billion point-of-sale spending, HKD 20.9 billion online spending, HKD 23.5 billion P2P transfers, HKD 74.8 billion withdrawals and HKD 123.2 billion add value. Total float and SVF deposit was HKD 19.5 billion at end-Q1 2025, up 1.9% quarter-on-quarter; year-on-year, accounts in use rose 9.9%, float and SVF deposit rose 11.6%, and Q1 2025 transaction volumes and values increased 5.4% and 43.3% respectively. Withdrawal includes ATM cash withdrawals, transfers to accounts at other financial institutions and outward remittances.
Hong Kong Monetary Authority 2025-06-20
Hong Kong Monetary Authority publishes Q1 2025 stored value facility statistics and adds withdrawal transaction reporting
The Hong Kong Monetary Authority released Q1 2025 statistics on stored value facility schemes, introducing a new "withdrawal" transaction category. This addition led to reclassification of certain transactions and adjustments to previous figures for comparison. At end-Q1 2025, SVF accounts totaled 80.89 million, with 2.1 billion transactions valued at HKD 288.4 billion, reflecting a 1.0% increase in value despite a 7.6% drop in volume quarter-on-quarter.