Visa International said seven banks have joined its Visa Cash program in Hong Kong, bringing total participation to 21 institutions.

Hong Kong, one of the most receptive markets in the world to smart cards, has seen 130,000 disposable Visa Cash cards issued since August 1996 and 80,000 of the reloadable versions since they were introduced in April 1997. Visa is projecting 400,000 cards by yearend.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.