Statistics of Stored Value Facilities (SVF) Schemes Issued by SVF Licensees
The Hong Kong Monetary Authority (HKMA) published today (17 March)
statistics on SVF schemes issued by SVF licensees for the fourth
quarter of 2022.
The SVF scheme statistics (see Annex)
include quarterly data on SVF schemes issued by the SVF licensees of
the relevant periods. Starting from the statistics for Q1/2022, the
HKMA began to publish “add value” transactions data to provide more
information regarding SVF transactions (Note 1).
According to
the quarterly statistics, the total number of SVF accounts in use
(Note 2) was 61. 47 million by the end of Q4/2022, representing a 1.
1% decrease from the previous quarter. The total number of SVF
transactions was around 1. 9 billion for Q4/2022, or 2. 9% higher than
the previous quarter. The total value of SVF transactions was HK$161.
4 billion for Q4/2022, representing a 6. 6% increase from the previous
quarter. Of the total transaction value, HK$49. 3 billion was related
to point-of-sale spending payment, HK$20. 8 billion in online spending
payment, HK$13. 9 billion in P2P funds transfer and HK$77. 4 billion
in add value. The total float and SVF deposit (Note 3) was HK$16. 8
billion for the end of Q4/2022, 5. 8% higher than the previous
quarter.
As compared with the end of Q4/2021, the total
number of SVF accounts in use at the end of Q4/2022 was down by 7. 5%,
and the total float and SVF deposit was up by 8. 6%. The total number
and value of SVF transactions during Q4/2022 were up by 2. 5% and 15.
2% respectively year-on-year.
Hong Kong Monetary Authority 17
March 2023
Notes: Before Q1/2022, SVF transactions data
comprise point-of-sale spending payment, online spending payment and
P2P funds transfer. Following the publication of “add value”
transactions, transactions relating to certain receipts of online
spending payment and P2P funds transfer that were previously counted
under “online spending payment” or “P2P funds transfer” are now
counted under “add value” to reflect the relevant nature of such
transactions. “Total number of SVF accounts in use” refers to the
total number of SVF accounts that can be used as at the end of the
reporting period. The terms “float” and “SVF deposit” follow their
definitions in the Payment Systems and Stored Value Facilities
Ordinance.