Published: 7:12pm, 15 Feb, 2017 Updated: 8:46pm, 20 Jul, 2018
Although payments made in Hong Kong using Visa's contactless technology have doubled within a year to 16%, the region is far behind Singapore, where 50% of all payments were contactless in the past year, according to data from Visa. Contactless payment grew rapidly once iPhone and Android users were able to add their Visa credit cards and Visa's payWave cards to their phones in the second half of last year, said Visa's Hong Kong manager. A survey from Visa found that 84% of Hong Kong residents had used Visa's payWave or another form of mobile payment, while 66% had tried both. Hong Kong entrepreneur Allan Zeman added that the region lags behind mainland China.