| Product Code: ETC5416469 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The mobile money market in Hong Kong is seeing significant growth as more consumers adopt mobile payment solutions for financial transactions. Mobile money services enable users to transfer funds, make payments, and access banking services through their mobile devices, enhancing financial inclusion and convenience.
The mobile money market in Hong Kong is expanding rapidly due to the increasing adoption of digital payment solutions and financial technology. As consumers seek convenient and secure payment methods, mobile money platforms are gaining traction. The rise of e-commerce and the demand for contactless transactions are driving the growth of mobile money services. Additionally, regulatory support for digital payment solutions and the increasing penetration of smartphones are further fueling the market`s expansion.
The mobile money market in Hong Kong struggles with regulatory hurdles, particularly concerning financial regulations and anti-money laundering laws. Ensuring security in mobile financial transactions, building consumer trust, and integrating mobile money solutions into existing financial systems are key challenges for businesses in this sector.
The mobile money market in Hong Kong is shaped by government policies promoting financial inclusion, digital payments, and fintech innovation. Regulations that support the development of secure and efficient mobile payment systems, such as the Stored Value Facilities Ordinance, drive the adoption of mobile money services. The government`s focus on creating a cashless economy and expanding digital financial services to underserved populations further boosts market growth. Additionally, policies encouraging innovation in the fintech sector, including incentives for startups, support the expansion of mobile money platforms.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Mobile Money Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Mobile Money Market - Industry Life Cycle |
3.4 Hong Kong Mobile Money Market - Porter's Five Forces |
3.5 Hong Kong Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Hong Kong Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Hong Kong Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Hong Kong Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Hong Kong Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Hong Kong |
4.2.2 Growing adoption of digital payments and e-commerce |
4.2.3 Government initiatives to promote cashless transactions |
4.3 Market Restraints |
4.3.1 Security concerns related to mobile money transactions |
4.3.2 Limited merchant acceptance of mobile payments |
4.3.3 Lack of awareness and trust among consumers regarding mobile money services |
5 Hong Kong Mobile Money Market Trends |
6 Hong Kong Mobile Money Market Segmentations |
6.1 Hong Kong Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.3 Hong Kong Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.4 Hong Kong Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Hong Kong Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Hong Kong Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Hong Kong Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Hong Kong Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Hong Kong Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Hong Kong Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Hong Kong Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Hong Kong Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Hong Kong Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Hong Kong Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Hong Kong Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Hong Kong Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Hong Kong Mobile Money Market Import-Export Trade Statistics |
7.1 Hong Kong Mobile Money Market Export to Major Countries |
7.2 Hong Kong Mobile Money Market Imports from Major Countries |
8 Hong Kong Mobile Money Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active mobile money users |
8.3 Frequency of mobile money transactions per user |
8.4 Average time spent on mobile money platforms per user |
8.5 Percentage of total retail transactions conducted through mobile money |
9 Hong Kong Mobile Money Market - Opportunity Assessment |
9.1 Hong Kong Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Hong Kong Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Hong Kong Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Hong Kong Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Hong Kong Mobile Money Market - Competitive Landscape |
10.1 Hong Kong Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |