A survey conducted in July 2021 revealed that a vast majority of buyers in Hong Kong and Taiwan made their decisions between cash and cashless payments based on the value of the transaction. According to the source, consumers across all three markets would be willing to go cashless at a lower transaction value in comparison to 2020.
Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021
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Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021
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According to the source, the survey was conducted with 2,000 consumers living in Hong Kong, Macao and Taiwan.
For Hong Kong and Taiwan, the surveys were done using online access panels, whereas in Macao, interviews were conducted face-to-face, via street intercepts.
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Visa Inc.. (December 16, 2021). Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021 [Graph]. In Statista. Retrieved May 01, 2025, from https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/
Visa Inc.. "Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021." Chart. December 16, 2021. Statista. Accessed May 01, 2025. https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/
Visa Inc.. (2021). Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021. Statista. Statista Inc.. Accessed: May 01, 2025. https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/
Visa Inc.. "Share of Consumers That Decided Payment Method Based on Transaction Value in Hong Kong, Macao, and Taiwan as of July 2021." Statista, Statista Inc., 16 Dec 2021, https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/
Visa Inc., Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021 Statista, https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/ (last visited May 01, 2025)
Share of consumers that decided payment method based on transaction value in Hong Kong, Macao, and Taiwan as of July 2021 [Graph], Visa Inc., December 16, 2021. [Online]. Available: https://www.statista.com/statistics/1222984/hong-kong-macao-taiwan-decisions-on-payment-methods-driven-by-transaction-value/
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