Financial Cards and Payments in Hong Kong, China - New Market Report
In 2012, the prevailing economic uncertainties in the eurozone and the US continued to affect the global economy. Hong Kong's economic growth was affected and slowed down in 2012. Consumers are more cautious in spending, leading to a slowdown in growth of the consumer payments market, including credit cards and charge cards. Debit cards was in a worse off position compared to credit cards and charge cards, as it usually offers fewer discounts and rewards. Closed loop pre-paid cards did...
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