BEIJING, March 24 (Xinhua) -- On average, Chinese people had more than five bank cards at the end of last year as more people in the world's second-largest economy turn to non-cash transactions, according to a report from the central bank.
The People's Bank of China (PBOC) said in a report on the country's banking payment service that bank cards in use totaled 7.60 billion at the end of 2018, up 13.51 percent year on year.
Last year, a total of 220.31 billion transactions worth 3,768.67 trillion yuan (about 562 trillion U.S. dollars) were made through non-cash payment instruments such as commercial bills and bank cards, according to the PBOC report.
Among the bank cards in use, the number of debit cards rose 13.2 percent year-on-year to reach 6.91 billion.
PBOC data shows spending per card reached 12,200 yuan on average, up 19.06 percent from a year earlier.
A single purchase
