Hong Kong digital wallets overtake cards in e-commerce payments

Digital wallets accounted for 41% of all e-commerce transactions.

Digital wallets have overtaken card payments in Hong Kong at least in e-commerce transaction value, according to a study by Global Payments, previously known as Worldpay.

Digital wallets accounted for 41% of all e-commerce transactions, and 45% of all point-of-sale (POS) transaction value in 2025, the study found.

Card payments made up 31% of e-commerce transactions and continued to be the first choice for POS transactions, at 52% of POS transaction value being dominated by credit cards.

By 2030, digital wallets are forecasted to be the top payment method choice for both e-commerce and POS, making up over half of all transaction value.

Meanwhile, account-to-account (A2A) payments represented 19% of e-commerce transaction value and 9% of POS transaction value in 2025.

This is forecasted to reach 23% of e-commerce and 13% of POS value by 2030.