Credit Card
Gen Z consumers, travel spending boost credit market growth in Q2 2024
Gen Z consumers, travel spending boost credit market growth in Q2 2024
GDP and export growth also supported the stable credit market in Q2 2024.
MTR rolls out contactless payment for Mastercard holders
Each station in the MTR heavy rail network, except Airport Express stations, has at least two entry/exit gates with contactless payments.
Credit card receivables fall 0.2% QoQ to $151.2b in Q2
Year-on-year, however, it rose by 4.9%.
Financial instability curb spending and consumers turn to credit
Two in five consumers expect to be unable to pay their current bills and loans in full.
97% of consumers prefer traditional banks for top-of-wallet credit card: report
However, most respondents said they opt for other lenders for additional credit products.
‘Optimism’ drives credit activity growth in Hong Kong
Hong Kongers are more optimistic about their household finances for the next 12 months.
Cards maintain dominance in Hong Kong's payment landscape
Over nine in 10 consumers use cards as their payment method.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Credit card new accounts volume up 26% in Q2
Credit cards recorded a year-on-year increase in outstanding balances, the first since Q4 2019.
Hong Kong’s ZA Bank launch new credit card repayment feature
Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.
Standard Chartered, Cathay, Mastercard launch new credit cards
The credit cards will allow faster earning of Asia Miles and will also provide other privileges.
Hong Kong’s consumer credit demand rebounds in Q1
Mortgages and credit card demand rose, whilst unsecured credit hit a historical low.
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