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10
June
2021
| 12:03 Asia/Hong_Kong

Hong Kong Consumer Credit Demand Rebounds as Macroeconomic Conditions Improve

 Consumer demand increased across major lending categoriesYounger generations showed stronger rebound in card balancesConsumers deleveraging to cope with uncertainties associated with the pandemic The newly released TransUnion (NYSE: TRU) Q1 2021 …
29
April
2021
| 12:00 Asia/Hong_Kong

Consumer Concerns About Paying Bills Increase Amidst Continued Negative Impact on Household Income

 One year into the pandemic, 78% of consumers’ household incomes have been negatively impacted, and most expect the impact will continue Hong Kong consumers have become increasingly-credit aware and pragmatic, seeing savings and cutting …
15
April
2021
| 12:00 Asia/Hong_Kong

One Year after COVID-19 Pandemic Declared, New TransUnion Research Shows Digital Fraud Attempts from Hong Kong Have Increased Nearly 20%

 Rate of digital fraud attempts against businesses up 19.25% from Hong Kong when comparing pre-pandemic to pandemic levelsAttempted fraud from Hong Kong against logistics companies has tripled44% of Gen Z consumers say they have been targeted by …
17
March
2021
| 11:00 Asia/Hong_Kong

Hong Kong Consumers and Lenders Continue Cautious Approach to Credit

 Largest decline in consumer demand and lender supply observed for credit products used for discretionary spending – credit cards and unsecured revolving linesMillennials’ demand for and use of unsecured credit more robust than other …
04
March
2021
| 10:00 Asia/Hong_Kong

TransUnion Hong Kong Expands Solutions to Cover SME Segment Facilitating Better, Faster Access to Loans

 Credit data helps lenders better assess potential SME customers for risk from delinquency and write-offs Digital onboarding solutions offer a safe, easy, and friction-right user experience that limits drop-offs and maximises loan conversions  As …
18
December
2020
| 10:05 Asia/Hong_Kong

Holiday Fraud Concerns During Pandemic Come True

TransUnion research finds rate of suspected early holiday e-commerce fraud coming from Hong Kong rose 41% compared to same period in 2019 and was 3rd highest globally.