As of the first quarter of 2023, 71 percent of Millennial 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.
Millennial's preferred payment method at points of sale in Hong Kong in 1st quarter 2023
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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). Millennial's preferred payment method at points of sale in Hong Kong in 1st quarter 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1401307/hong-kong-millennials-favorite-payment-methods/
Statista. "Millennial's preferred payment method at points of sale in Hong Kong in 1st quarter 2023." Chart. July 13, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1401307/hong-kong-millennials-favorite-payment-methods/
Statista. (2023). Millennial's preferred payment method at points of sale in Hong Kong in 1st quarter 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1401307/hong-kong-millennials-favorite-payment-methods/
Statista. "Millennial's 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/1401307/hong-kong-millennials-favorite-payment-methods/
Statista, Millennial's preferred payment method at points of sale in Hong Kong in 1st quarter 2023 Statista, https://www.statista.com/statistics/1401307/hong-kong-millennials-favorite-payment-methods/ (last visited August 24, 2024)
Millennial's 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/1401307/hong-kong-millennials-favorite-payment-methods/