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China bank card transactions surge during National Day holiday

October 09, 2019


Abstract : Chinese card payment giant China UnionPay Tuesday said transactions surged during the weeklong National Day holiday as cardholders went on a spending spree.

BEIJING, Oct. 8 (Xinhua) -- Chinese card payment giant China UnionPay Tuesday said transactions surged during the weeklong National Day holiday as cardholders went on a spending spree.

Total transactions through the China UnionPay network soared to 2.03 trillion yuan (about 287 billion U.S. dollars) between Oct. 1 and 7, up 28.4 percent year on year, the company said.

Spending on train tickets increased by more than 30 percent year on year, while spending on hotels and restaurants surged 35.6 percent and 40.3 percent, respectively.

During the holiday, Chinese consumers used China UnionPay cards in 144 foreign countries and regions, 10 more than the same period last year, with transactions in the Belt and Road countries maintaining steady growth.

Mobile payments through China UnionPay services went up nearly 20 percent overseas, according to the company.

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Keyword: UnionPay bank card bank card transaction

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