T8: Volume of transactions processed by selected payment systems
(millions, unless otherwise stated; total for the year)
«Hong Kong SAR»
 Year
« ‹ 2020 › »
 2016 2017 2018 2019 2020
Large-value payment systems
EUR CHATS
Total gross volume 100000
Breakdown of 'total gross volume' by instrument type
Credit transfers00000
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSsnapnapnapnapnap
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
Concentration ratio in terms of volume (%)71.0071.0071.0065.0069.00
HKD CHATS
Total gross volume 178988
Breakdown of 'total gross volume' by instrument type
Credit transfers78977
Direct debitsnapnapnapnapnap
Cheques00000
Card and e-money payments00000
Other payment instruments00000
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSs00000
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
'HKD Cheques' net volume settled in 'HKD CHATS'00000
'HKD Electronic Clearing (ECG)' net volume settled in 'HKD CHATS'00000
Concentration ratio in terms of volume (%)58.0058.0058.0053.0054.00
RMB CHATS
Total gross volume 144556
Breakdown of 'total gross volume' by instrument type
Credit transfers44556
Direct debitsnapnapnapnapnap
Cheques00000
Card and e-money paymentsnapnapnapnapnap
Other payment instruments00000
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSs00000
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
'RMB Electronic Clearing (ECG)' net volume settled in 'RMB CHATS'00000
'RMB Cheques' net volume settled in 'RMB CHATS'00000
Concentration ratio in terms of volume (%)49.0051.0054.0055.0057.00
USD CHATS
Total gross volume 166677
Breakdown of 'total gross volume' by instrument type
Credit transfers66677
Direct debitsnapnapnapnapnap
Cheques00000
Card and e-money payments00000
Other payment instruments00000
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSs00000
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
'USD Cheques' net volume settled in 'USD CHATS'00000
'USD Electronic Clearing (ECG)' net volume settled in 'USD CHATS'00000
Concentration ratio in terms of volume (%)57.0056.0058.0057.0056.00
Retail payment systems
HKD Cheques
Total gross volume9391898372
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques9391898372
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles11111
HKD Electronic Clearing (ECG)
Total gross volume 2100105113111122
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instruments100105113111122
Number of netting cycles 311111
RMB Cheques
Total gross volume00000
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques00000
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles11111
RMB Electronic Clearing (ECG)
Total gross volume 200011
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instruments00011
Number of netting cycles 311111
USD Cheques
Total gross volume22221
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques22221
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles11111
USD Electronic Clearing (ECG)
Total gross volume 200000
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instruments00000
Number of netting cycles 311111
Fast payment systems
HKD Faster Payment System
Total gross volume 4napnap544138
Breakdown of 'total gross volume' by instrument type
Credit transfers 5napnap53897
Direct debits 6napnap0132
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instruments 7napnap158
Number of netting cyclesnapnapnapnapnap
RMB Faster Payment System
Total gross volume 4napnap000
Breakdown of 'total gross volume' by instrument type
Credit transfers 5napnap000
Direct debits 6napnap000
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instruments 7napnap000
Number of netting cyclesnapnapnapnapnap
 1 Clearing House Automated Transfer System (CHATS) is the RTGS system originally designed for HKD interbank payments. The reported figures include only large-value interbank payments and the net settlement of various types of bulk electronic payments in the systems. 2 ECG refers to various types of bulk electronic payments to be cleared and settled through the clearing house on a multilateral netting basis. 3 For each type of payment under ECG. 4 Since FPS fully launched on 30 Sep 2018. 5 Real time credit transfer payment. 6 Real time direct debit payment. 7 Batch mode payment.