76% of people in Hong Kong use mobile payments
Peer-to-peer payments services and mobile payments are gaining popularity in Hong Kong, according to a survey by bank consortium Jetco. 76% of survey respondents use mobile payments, with 43% using P2P transfers. Mobile payments systems offered by banks are seen as more secure than credit cards by 90% of those surveyed. Over 70% of those using mobile payments settle bills using them, with 56% linking bank accounts to widen their payment options. However, average payments made are around HKD 300 ($29), with more expensive items still seen as too much of a risk.
Mobile payments are most popular among Hongkongers aged 26 to 35, according to the survey. Photo: Imaginechina