Digital wallets have surpassed card payments in Hong Kong’s e-commerce sector by transaction value, according to a study by Global Payments (formerly Worldpay).
The report found that digital wallets made up 41% of e-commerce transactions and 45% of point-of-sale (POS) transaction value in 2025.
Card payments accounted for 31% of e-commerce transactions and remained the preferred option at physical stores, contributing 52% of POS transaction value, largely driven by credit cards.
Looking ahead to 2030, digital wallets are expected to become the leading payment method across both e-commerce and POS, exceeding half of total transaction value.
Meanwhile, account-to-account (A2A) payments comprised 19% of e-commerce transaction value and 9% of POS value in 2025, and are projected to grow to 23% and 13%, respectively, by 2030.
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