The Hong Kong Monetary Authority (HKMA) published today statistics on SVF schemes issued by SVF licensees for the third quarter of 2019.
The SVF scheme statistics (see Annex) include quarterly data on SVF schemes issued by the eighteen SVF licensees (Note 1).
According to the quarterly statistics, the total number of SVF accounts in use (Note 2) was 62.52 million by the end of Q3/2019, representing a 2.1% increase from the previous quarter. The total number of SVF transactions (Note 3) was around 1.6 billion for Q3/2019, or 0.5% lower than the previous quarter. The total value of SVF transactions was HK$51.2 billion for Q3/2019, representing a 2.4% increase from the previous quarter. Of the total transaction value, HK$24.3 billion was related to point-of-sale spending payment, HK$18.7 billion in online spending payment and HK$8.2 billion in P2P funds transfer. The total float and SVF deposit (Note 4) was HK$11.2 billion for Q3/2019, 2.5% higher than the previous quarter.
As compared with the end of Q3/2018, the total number of SVF accounts in use at the end of Q3/2019 was up by 15.6%, and the total float and SVF deposit was up by 17.1%. The total number and value of SVF transactions during Q3/2019 were up by 4.6% and 14.4% respectively year-on-year.
Hong Kong Monetary Authority
20 December 2019