The Hong Kong Monetary Authority published quarterly statistics on stored value facilities (SVF) schemes issued by SVF licensees for the fourth quarter of 2024, showing increases in accounts in use, transaction volumes and values, and total float and SVF deposits. At end-Q4 2024, the total number of SVF accounts in use was 79.78 million, up 3.0% quarter-on-quarter. Total SVF transactions were around 2.2 billion in Q4 2024, up 9.9% from the previous quarter, with total transaction value of HKD 223.6 billion, up 18.5% quarter-on-quarter. Of the total transaction value, HKD 47.2 billion related to point-of-sale spending payments, HKD 34.0 billion to online spending payments, HKD 23.9 billion to P2P funds transfers, and HKD 118.5 billion to adding value. Total float and SVF deposit stood at HKD 19.1 billion at end-Q4 2024, up 3.2% quarter-on-quarter, and definitions follow the Payment Systems and Stored Value Facilities Ordinance. Year-on-year, SVF accounts in use increased 11.7% and total float and SVF deposit rose 11.0% at end-Q4 2024. During Q4 2024, the number of SVF transactions was up 9.4% and transaction value was up 35.9% compared with Q4 2023.
Hong Kong Monetary Authority 2025-03-21
Hong Kong Monetary Authority publishes Q4 2024 stored value facility statistics showing 79.78 million accounts and HKD 223.6 billion transaction value
The Hong Kong Monetary Authority released Q4 2024 statistics on stored value facilities (SVF), noting a 3.0% quarterly increase in SVF accounts to 79.78 million. Total SVF transactions rose 9.9% quarter-on-quarter to 2.2 billion, with transaction values up 18.5% to HKD 223.6 billion. Year-on-year, SVF accounts grew 11.7% and transaction values increased 35.9%.