xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Company

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.

Scan the QR code and push it to your mobile phone

Keyword: bank card transaction bank card UnionPay

Reading:

China to introduce regulation to improve business environment and facilitate investment

China's central bank vows to lower real interest rates through market-oriented reform

China to issue commemorative coins for import expo

Thai Ministry of Commerce opens up four businesses to foreigners

Suning completes acquisition of 80 pct stake in Carrefour China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial