The Hong Kong Monetary Authority (HKMA) published its quarterly statistics on payment cards issued in Hong Kong for the second quarter of 2025, covering credit and debit card activity under the schemes of eight payment card scheme operators. The release shows continued growth in credit cards in circulation and higher transaction volumes, alongside a quarter-on-quarter decline in the value of both credit and debit card transactions. By end-Q2 2025, credit cards in circulation reached 22.8 million, up 4.2% from the previous quarter and 14.6% year on year. Credit card transactions totalled 360.1 million in the quarter, up 8.3% quarter on quarter and 11.8% year on year, while transaction value was HKD 268.4 billion, down 2.1% quarter on quarter but up 12.2% year on year. Of the total credit card transaction value, HKD 168.1 billion (62.7%) related to retail spending in Hong Kong, HKD 91.2 billion (34.0%) to retail spending overseas and HKD 9.0 billion (3.4%) to cash advances; for debit cards, the HKMA noted that cards in circulation are not available due to overlapping brands, while debit card transactions for retail sales and bill payments rose 6.2% quarter on quarter to 57.86 million as value fell 9.9% to HKD 66.5 billion.

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