
By the end of September, approximately twenty-five point zero eight million credit cards were active, marking a double-digit increase on the previous quarter and a substantial year-on-year rise.
Total credit card transactions during the period reached 382 point six one million, reflecting robust consumer engagement and a broader shift toward credit spending amid evolving economic conditions.
Retail purchases in the city accounted for a significant share of this growth, while overseas spending by Hong Kong cardholders also remained vigorous, suggesting that local and outbound consumption both contributed to heightened card use.
The aggregate value of credit card transactions climbed to HK$285 point six billion in the third quarter, signalling not only higher transaction counts but also greater overall expenditure through credit lines.
This figure represented meaningful quarterly and annual growth, underscoring sustained momentum in consumer activity.
In contrast, debit card transactions declined in both volume and value over the same period, indicating a strong preference among residents and visitors for credit card payments, possibly driven by rewards programs, cross-border travel patterns and expanding merchant acceptance.
The HKMA noted that the divergence between credit and debit trends reflects shifting payment behaviour as the regional economy continues to normalise and travel resumes more fully.
In addition to the usage data, the authority’s credit card lending survey showed an increase in total receivables, pointing to a rebound in credit extension after a modest contraction in the previous quarter.
This growth in receivables highlights a broader recovery in consumer credit demand, with delinquency and charge-off ratios remaining stable, suggesting that credit risk has stayed manageable even as spending picks up.
Economists and financial analysts view the uptick in credit card activity as an indicator of consumer confidence and economic resilience, as households and visitors alike lean on credit facilities for a broad range of purchases.
The trend also aligns with forecasts of long-term expansion in Hong Kong’s card payments market, supported by digital payment adoption and continued innovation in credit products.

















