UnionPay overwhelmingly leads the market for card payments in China, with an estimated market share of almost *** percent. Such a dominance of an in-market local card scheme is not found in other countries in the world, where often either Visa or Mastercard tend to be the largest provider. Another important trait of Chinese payments is the important role of mobile wallets in in-store payments, with a market share in 2023 that is higher than that of both credit and debit cards combined.

Hong Kong SAR (China) Total Value Of Credit Card Transactions: Retail Sales (RS) data was reported at 262,111.000 HKD mn in Dec 2024. This records an increase from the previous number of 239,855.000 HKD mn for Sep 2024. Hong Kong SAR (China) Total Value Of Credit Card Transactions: Retail Sales (RS) data is updated quarterly, averaging 140,897.500 HKD mn from Mar 2008 (Median) to Dec 2024, with 68 observations. The data reached an all-time high of 262,111.000 HKD mn in Dec 2024 and a record low of 71,011.000 HKD mn in Jun 2009. Hong Kong SAR (China) Total Value Of Credit Card Transactions: Retail Sales (RS) data remains active status in CEIC and is reported by Hong Kong Monetary Authority. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.KA004: Statistics of Payment Cards Issued in Hong Kong. [COVID-19-IMPACT]