Hong Kong's consumer credit landscape is slowly transforming amidst an uncertain economic climate, compelling individuals to seek out credit and loan products to safeguard their financial stability. Consumers are becoming increasingly keen to access financial options to navigate the current volatile economic environment.
An increasing number of channels and services support digital payments, and online transactions have become a daily habit of Hong Kong’s consumers. With the rising online trend for transactions, there are increasing concerns over online fraud at the same time.
Digital banks in Hong Kong are growing steadily, and the market's acceptance of them is gradually increasing. Digital banks can use technology to provide customers with more personalised and convenient services, allowing customers to enjoy more value-for-money choices.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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