Hong Kong
Hong Kong’s payment landscape in 2026 is shaped by the rise of real-time bank transfers through the Faster Payment System (FPS). Account-to-Account (A2A) payments account for around 64% of transaction volume, surpassing credit and debit cards. For global merchants, prioritizing FPS integration is key to reaching consumers and unlocking growth in Hong Kong’s digital-first economy.
*Data is for Codapay in the period of 1st Oct 2024 - 30th Sep 2025
Impact figures
54%
Android users
46%
iOS users
71.6
Credit & Debit Card ownership
304.5M
App downloads in 2025
852.6M
App revenue (USD) in 2025
Insights
Digital wallets
Hong Kong is a balanced Android/Apple market, enabling Google/Apple Pay to some degree in enabling online payments.
Cards
Credit & Debit cards have high penetration in-market, driving significant user preference for card-based payments alongside local bank transfer methods like FPS.
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