82% of Hong Kongers still use cash, especially for small transactions. Cash remains vital despite the rise of card usage (91%).

Cash is essential for cultural practices like giving red packets during Lunar New Year, a tradition symbolising prosperity and goodwill.

Cash is trusted for budgeting during inflation and economic uncertainties, providing stability amidst fluctuating costs.

Widely accepted in cash-only establishments, including:

• Street food stalls (dai pai dong) and local eateries (cha chaan teng).
• Non-mainstream stores catering to quick, low-cost transactions.

Cash dominates as the preferred payment method for taxis, ensuring seamless, fee-free transport options for residents and tourists alike.

Many consumers favour cash for small transactions to avoid card-related fees and complexities.

Fewer establishments now refuse cash, indicating a balanced acceptance of various payment methods.

As of September 2024, HKD 585,234 million was in circulation, showcasing cash’s enduring importance in the local economy.

Residents typically carry HKD 500–1,000 daily (USD 64–128) for flexibility in small purchases, emergencies, and traditional uses.

Many Hong Kongers keep cash reserves at home for emergencies, privacy concerns, and tangible security.

• Anonymity: Protects against digital tracking.
• Tangible Value: Seen as a physical, secure store of wealth.