HSBC sees double digit growth on credit card spending

Business | 2 Apr 2019 2:45 pm

The Hongkong and Shanghai Banking Corporation reported double-digit growth in credit card spending after launching the HSBC Reward+ app in January, 2018.

Amy Kam, head of cards and personal lending, retail banking and wealth management said, HSBC has issued 4 million credit cards.

The new app has recorded about 450,000 downloads and over 1 million transactions paid with RewardCash.

As for virtual banking, Greg Hingston, head of retail banking and wealth management, said HSBC has a leading digital wallet and will continue to introduce new digital solutions.

The bank announced today that all personal credit card holders will be able to transfer their earned RewardCash to  families and friends free via the HSBC Reward+ app.

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