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Online payment clearinghouse reports surging transactions during National Day holiday

October 09, 2019


Abstract : Chinese online payment clearinghouse NetsUnion Clearing Corporation reported surging daily transactions during the just-concluded National Day holiday.

BEIJING, Oct. 8 (Xinhua) -- Chinese online payment clearinghouse NetsUnion Clearing Corporation reported surging daily transactions during the just-concluded National Day holiday.

Daily transactions rose 79.92 percent year on year during the Oct. 1-Oct. 7 period, while daily transaction volume skyrocketed 163.38 percent over one year ago, according to the company.

The first day of the week-long holiday saw 1.29 billion transactions, the highest among the seven days.

A total of 8.594 billion transactions were processed by the platform during the past week, involving 4.33 trillion yuan (about 607.2 billion U.S. dollars) in volume.

The country's two major third-party payment platforms WeChat Pay and Alipay all reported robust transactions during this period.

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Keyword: online payment

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