SVF transactions up by 0.8% in Q2

Compared with the end of Q2 2020, SVF accounts in use were up by 0.6% in 2021.

According to the quarterly statistics by the Hong Kong Monetary Authority, the total number of stored value facility (SVF) accounts in use was 64.34 million by the end of the second quarter (Q2) of 2021, representing a 0.8% increase from the previous quarter.

Total SVF transactions were around 1.5 billion for Q2 2021, 13.1% higher than the first quarter.

The total value of SVF transactions was $62.7b for Q2 2021, representing a 6.1% increase from the previous quarter.

Point-of-sale transactions amounted to $25.8b, while online spending amounted to $25.9 billion and P2P funds transfer amounted to $11.0 billion.

The total number and value of SVF transactions during Q2 were up by 20.3% and 13.0% year-on-year, respectively.