A 2020 survey among consumers living in Hong Kong showed that the leading reason for going cashless was for hygiene, accounting for approximately 54 percent of the respondents. The increase in usage of contactless payments, store-value cards, and credit cards also led to a decline in cash in wallet. Almost half of the respondents would go cashless as they found carrying cash around inconvenient.
Reasons for carrying less cash in wallet in Hong Kong as of August 2020
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Visa Inc.. (December 10, 2020). Reasons for carrying less cash in wallet in Hong Kong as of August 2020 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/
Visa Inc.. "Reasons for carrying less cash in wallet in Hong Kong as of August 2020." Chart. December 10, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/
Visa Inc.. (2020). Reasons for carrying less cash in wallet in Hong Kong as of August 2020. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/
Visa Inc.. "Reasons for Carrying Less Cash in Wallet in Hong Kong as of August 2020." Statista, Statista Inc., 10 Dec 2020, https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/
Visa Inc., Reasons for carrying less cash in wallet in Hong Kong as of August 2020 Statista, https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/ (last visited December 22, 2024)
Reasons for carrying less cash in wallet in Hong Kong as of August 2020 [Graph], Visa Inc., December 10, 2020. [Online]. Available: https://www.statista.com/statistics/1223010/hong-kong-reasons-for-less-cash-in-wallet/
