According to a survey conducted in Hong Kong, 59 percent of respondents considered traditional banks safer than virtual banks. However, neobanks stood out with lower costs and higher convenience in the eyes of Hong Kongers. Furthermore, a majority of consumers preferred traditional banks as their main bank.
Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021
Characteristic
Traditional banks
Virtual banks
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Visa Inc.. (December 16, 2021). Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/
Visa Inc.. "Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021." Chart. December 16, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/
Visa Inc.. (2021). Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/
Visa Inc.. "Perception of Virtual Banking Vs. Traditional Banks in Hong Kong as of July 2021." Statista, Statista Inc., 16 Dec 2021, https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/
Visa Inc., Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021 Statista, https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/ (last visited July 22, 2024)
Perception of virtual banking vs. traditional banks in Hong Kong as of July 2021 [Graph], Visa Inc., December 16, 2021. [Online]. Available: https://www.statista.com/statistics/1283304/hong-kong-perception-of-virtual-banking-vs-traditional-banks/