The total number of stored value facilities (SVF) accounts in use was 51.81 million by the end of Q2/2018, representing a 5.7% increase from the previous quarter, according to the Hong Kong Monetary Authority.
The total number of SVF transactions was 1.5 billion for Q2/2018, or 5.6% higher than the previous quarter. The total value of SVF transactions was HK$41 billion for Q2/2018, up 5.2% from the previous quarter.
Of the total transaction value, HK$21.3 billion was related to point-of-sale spending payment, HK$15.4 billion in online spending payment and HK$4.3 billion in P2P funds transfer. The total float and SVF deposit was HK$8.9 billion for Q2/2018, 6.1% higher than the previous quarter.
As compared with the end of Q2/2017, the total number of SVF accounts in use at the end of Q2/2018 was up by 19.2%, and the total float and SVF deposit was up by 24%. The total number and value of SVF transactions during Q2/2018 were up by 10.2% and 29% respectively year-on-year.
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