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Hong Kong Monetary Authority Reports Decline in Credit Card Receivables for Q2 2025
Hong Kong Monetary Authority Reports Decline in Credit Card Receivables for Q2 2025
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BTCCSquare news:
Hong Kong's credit card receivables fell 2.5% to HK$149.0 billion in Q2 2025, marking a continued slowdown from the previous quarter's 5.8% drop. The HKMA's latest survey reveals a marginal rise in delinquencies to 0.45%, while charge-offs edged up to 0.64%.
This contraction signals shifting consumer behavior in Asia's financial hub, potentially reflecting broader economic headwinds or changing payment preferences. The data contrasts with regional peers where digital payment adoption—including cryptocurrency transactions—continues accelerating.
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