As of the first quarter of 2023, 63 percent of Generation Z respondents stated that they had used their credit card to make payments at stores, restaurants, or other points of sale, according to Statista's Consumer Insights. The recent surge of smartphone adoption in the city also enabled residents to utilize fintech services and mobile payment methods.
Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023
The original question was phrased by the source as follows: "How have you paid in stores, restaurants and other points of sale in the past 12 months? (multi-pick)". Multiple selections were possible.
More information on the methodology can be found here.
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Statista. (July 13, 2023). Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/
Statista. "Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023." Chart. July 13, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/
Statista. (2023). Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/
Statista. "Generation Z Preferred Payment Method at Points of Sale in Hong Kong in 1st Quarter 2023." Statista, Statista Inc., 13 Jul 2023, https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/
Statista, Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023 Statista, https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/ (last visited October 02, 2024)
Generation Z preferred payment method at points of sale in Hong Kong in 1st quarter 2023 [Graph], Statista, July 13, 2023. [Online]. Available: https://www.statista.com/statistics/1401303/hong-kong-gen-z-favorite-payment-methods/