Hong Kong Monetary Authority released Q2 2026 statistics on stored value facility (SVF) schemes on 18 September, revealing mixed growth signals across the territory’s digital payment landscape. SVF accounts in use climbed to 90.38 million, up 1.8% sequentially and 9.2% year-over-year, yet transaction values declined when measured against the prior-year period.
- Total SVF Accounts in Use (Q2 2026): 90.38 million
- SVF Transactions (Q2 2026): 2.2 billion transactions
- Total Transaction Value (Q2 2026): HK$264.7 billion
- Point-of-Sale Spending: HK$47.7 billion
- Online Spending: HK$33.8 billion
- P2P Fund Transfers: HK$16.4 billion
- Withdrawals: HK$59.6 billion
- Adding Value: HK$107.2 billion
- SVF Deposits and Float: HK$21.8 billion
The quarterly results underscore a maturing payments market in Hong Kong. While the number of SVF accounts and transactions continues to expand, the value of transactions fell 7.4% year-on-year despite rising 0.1% from Q1 2026. SVF deposits and float reached HK$21.8 billion at quarter-end, representing 0.6% sequential growth and 7.3% annual growth.
Transaction composition remained dominated by value-adding activities, which accounted for HK$107.2 billion of the HK$264.7 billion total. Withdrawals represented the second-largest category at HK$59.6 billion. Point-of-sale spending reached HK$47.7 billion, followed by online spending at HK$33.8 billion and peer-to-peer transfers at HK$16.4 billion. The divergence between growing account numbers and declining transaction values suggests potential consolidation within the sector or a shift toward lower-value transactions among users.
The HKMA oversees Hong Kong’s payment systems and monetary policy, regulating SVF licensees that issue digital wallet and prepaid card schemes across the territory.
