ATMs in Hong Kong: Credit cards and fees
Hong Kong is known as a financial capital of the world, so visitors there don’t need to worry too much about being able to access their money. While debit and...
Cash or card in Hong Kong: Which is the best way to pay?
Getting ready to jet off to Hong Kong? You’re likely creating a travel budget to make sure everything’s covered while you’re there. No matter how much you plan to spend, you should know the spending habits of the locals. While some countries are still largely cash-based, others prefer to use a variety of cashless payment methods.
Although card payments are the most commonly used method, cash is still in circulation in Hong Kong. There are also local payment methods that are quite popular, but which one you'll use depends on the situation. We’ll explore this in more detail to help answer the question - which is more convenient, cash or card in Hong Kong?
We’ll also show you a cost-effective way to handle your finances in Hong Kong with Wise. For all international purchases, online or in person, you can rely on the Wise card. You can even withdraw Hong Kong dollars like a local for low fees* and at the great mid-market exchange rate.
How cash-centric is Hong Kong?
Hong Kong isn’t entirely cash-centric, but it’s not fully cashless either. Credit cards are the preferred payment method, followed by e-wallets.1
However, compared to mainland China, Hong Kong residents use cash much more frequently. In fact, some merchants prefer it and may even encourage customers to pay with cash.2
Cash etiquette in Hong Kong
Tipping is appreciated in Hong Kong, though it’s not mandatory. You can tip restaurant and hotel staff, as well as for taxi rides and beauty services.3
At restaurants, a service charge is often included in the bill. However, tips are still welcomed, with the usual amount being up to 15%. Tipping is uncommon at local fast food restaurants, but coffee shops and bars may have tip jars.3
In beauty salons, a tip of around 10% is common, while hotel staff typically get between 20 and 40 Hong Kong dollars. Tipping in taxis doesn't have a set amount, and passengers usually round up the fare. If you're using Uber or local apps like HK Taxi, you can tip directly through the app.3
Cash or card in Hong Kong - the comparison
We’ve listed some common situations where you’ll be paying for things in Hong Kong. Here’s whether you’ll be able to pay by card, in cash or both:
| Paying for… | Card💳 | Cash👛 |
|---|---|---|
| 🚕 Taxis4 | Sometimes | Yes |
| 🏪 Convenience stores5 | Usually, yes | Yes |
| 🏰 Hong Kong Disneyland6 | Yes | Yes |
| 🚌 Public transport | Yes7 | Depends on the transport4 |
| 🍽️ Restaurants5 | Usually, yes | Yes |
| ☕ Coffee shops5 | Usually, yes | Yes |
| 🦐 Local markets5 | Usually no | Yes |
Want to work out exactly how much things cost? Explore our live Hong Kong exchange rate currency converter.
Using your card in Hong Kong at an ATM
Since foreign cards are widely accepted, you shouldn't have any trouble using them at ATMs in Hong Kong. They are widespread and can even be found at almost every MTR station.8
When it comes to withdrawal limits, it’s best to check with each bank. For example, the Bank of East Asia has a daily limit of 20,000 Hong Kong dollars.9
Will my UK debit card work in Hong Kong?
Yes, foreign-issued debit cards from companies like Visa and Mastercard are widely accepted in Hong Kong.5
Can I use my UK credit card in Hong Kong?
Yes, like debit cards, UK credit cards are accepted in Hong Kong.
Reasons to use cash in Hong Kong
Although cash isn't the most popular payment method in Hong Kong, it’s accepted nearly everywhere. Hong Kong isn't as digitally advanced as mainland China in terms of payments, so using cash is still fairly common.
Many people, particularly the older population, prefer cash and make an effort to keep it in circulation. It’s especially useful for shopping at small businesses and local vendors, as well as for paying taxi fares.
Reasons to use credit or debit cards in Hong Kong
When in Rome, do as the Romans do. Cards are by far the most popular payment method in Hong Kong and you’ll be able to use them nearly everywhere. All major card companies are widely accepted, so you won’t have trouble tapping your card.
Additionally, paying by card is often a safer option. To avoid the risk of losing money or having it stolen, it's best to avoid carrying large amounts of cash. Cards, especially debit cards, offer greater security.
Are contactless card payments common in Hong Kong?
Yes, contactless card payments are the norm in Hong Kong. You can spend up to 1,000 Hong Kong dollars per transaction without needing to provide a signature.10
Your Wise card can also be used for contactless payments in Hong Kong. If you don’t want to carry multiple cards with you, you can get the Wise virtual card with the same features.
Other payment methods in Hong Kong
Besides the traditional cards and cash, other payment methods are available in Hong Kong.
Octopus card
Octopus cards are contactless, rechargeable IC cards that allow you to pay in a secure and convenient way. Initially used only for public transport, they have since become a widely popular payment method. Around 98% of people in Hong Kong have their own Octopus card, whether in physical form or as part of an e-wallet.11
Octopus cards can be recharged online or at MTR stations and convenience stores. You can use them everywhere where cards are accepted. They don’t require an internet connection or a linked bank account.5
Mobile payment
Digital wallets are becoming increasingly popular in Hong Kong, with both local and international options available. Some of the most commonly used ones include Alipay, WeChat Pay and TNG Wallet. Another option, mainly used only by locals, is the PayMe service from HSBC, which is often used for splitting bills.5
Besides these wallets, people in Hong Kong also use Apple Pay, Google Pay, and Samsung Pay.5 If you use any of these apps, make sure they’re updated before you leave for Hong Kong.
For an additional layer of security, you could add your Wise virtual card to your wallet. It has all the benefits of a regular Wise card, but it exists in your phone only. You can freeze your Wise virtual card after every transaction, too.
What is the best way to pay in Hong Kong: cash or card?
If you have to choose between cash or card in Hong Kong, paying by card is likely the better option. It's the preferred method for locals, and most places accept card payments. Plus, you can take advantage of the fact that foreign cards are widely accepted.
That said, it's still a good idea to keep some cash on hand. You may need it for tips or for small purchases at local restaurants and markets.
Spend like a local in Hong Kong with Wise
Residents of Hong Kong typically pay by card, either a bank card or the Octopus card. However, cash is still commonly used and sometimes preferred, so make sure you have some on you.
And if you want to spend like a local in Hong Kong and 150+ countries, without worrying about exchange rates and hidden fees, the Wise card might be just the thing you’re looking for.
The Wise card can be used for all international payments, including accommodation costs and daily expenses. It automatically converts the currency at the mid-market exchange rate with only a small, transparent currency conversion fee*.
You can also use it to easily withdraw cash from the ATMs in Hong Kong. Each month, you can make 2 withdrawals of up to 200 GBP for free. After that, there is a charge of 0.5 GBP per withdrawal. There’s also a 1.75% fee on any amount you withdraw above 200 GBP.
Learn more about the Wise card 💳
Cash or card in Hong Kong - FAQs
To summarise, here are some of the most frequent questions about using cash or cards in Hong Kong.
Can you use a UK debit card in Hong Kong?
Yes, you should be able to use your UK-issued debit card without any issues.
How do you pay for the Hong Kong MTR?
You can use an Octopus card, your contactless bank card or QR code payment.7 However, you can also use cash in buses and trams, as long as you have the exact amount.4
Do taxis in Hong Kong accept cash or cards?
Taxis in Hong Kong mainly take cash, but some accept cards or electronic payments.4
What is the most popular payment method in Hong Kong?
Credit cards are the most popular payment option in Hong Kong, followed by e-wallets.1
Read our article to learn more about money and banks in Hong Kong.
Do you need an Octopus card in Hong Kong?
An Octopus card can be very useful during your stay in Hong Kong, as it’s a safe and convenient way to spend. Plus, it can make a great souvenir!
How much is an average meal in Hong Kong?
On average, a meal in an inexpensive restaurant in Hong Kong costs around £7.11
Sources used:
1. Statista - POS payment methods in Hong Kong
2. South China Morning Post - Hong Kong lagging behind in e-payments
3. Cathay Pacific - tipping in Hong Kong
4. Discover Hong Kong - getting around Hong Kong
5. Traveloka - payment methods in Hong Kong
6. Hong Kong Disneyland - payment methods Disneyland Hong Kong
7. MTR - tickets and fares
8. MTR - ATM service
9. The Bank of East Asia - ATM services
10. Citibank - contactless limit
11. Numbeo - cost of living in Hong Kong
Sources last checked on date: 14-Jan-2025
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
