The Cards and Payments Industry in Hong Kong: Emerging Trends and Opportunities to 2020 is a new market research publication announced by Reportstack. This report provides top-level market analysis, information and insights into the Hong Kong cards and payments industry, including:
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Scope
• This report provides a comprehensive analysis of the Hong Kong cards and payments industry.
Reasons to Buy
• Make strategic business decisions, using top-level historic and forecast market data, related to the Hong Kong cards and payments industry and each market within it.
• Make strategic business decisions, using top-level historic and forecast market data, related to the Hong Kong cards and payments industry and each market within it.
Key Highlights
• Banks are offering multiple currency payments cards to capitalize on the increasing cross-border trade between Hong Kong and mainland China, and the fast-growing Chinese population working and studying in Hong Kong. For instance, the Industrial and Commercial Bank of China (ICBC) launched the ICBC UnionPay Dual Currency Platinum Card in July 2015 in collaboration with UnionPay. The card comes with Union Pay's Quick Pass service, enabling cardholders to make payments by tapping the card at 5 million Quick Pass terminals worldwide. While Hong Kong-based and overseas expenses are settled in the local currency, expenses in mainland China are settled in yuan. Similarly, Banco Nacional Ultramarino partnered with UnionPay to introduce a triple currency credit card in August 2015, which can be used in Hong Kong, mainland China and Macau.
• Banks are offering multiple currency payments cards to capitalize on the increasing cross-border trade between Hong Kong and mainland China, and the fast-growing Chinese population working and studying in Hong Kong. For instance, the Industrial and Commercial Bank of China (ICBC) launched the ICBC UnionPay Dual Currency Platinum Card in July 2015 in collaboration with UnionPay. The card comes with Union Pay's Quick Pass service, enabling cardholders to make payments by tapping the card at 5 million Quick Pass terminals worldwide. While Hong Kong-based and overseas expenses are settled in the local currency, expenses in mainland China are settled in yuan. Similarly, Banco Nacional Ultramarino partnered with UnionPay to introduce a triple currency credit card in August 2015, which can be used in Hong Kong, mainland China and Macau.
Companies Mentioned
EPS HSBC Standard Chartered Bank of China Bank of East Asia DBS Bank Citibank Aeon Credit Service MasterCard Visa American Express Diners Club
Contact:
Debora White
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Reportstack Market Research
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