Business
08:32, 23-Feb-2018
China's bank card transactions surge over Spring Festival holiday
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China UnionPay, the country's sole bank card network operator, said Thursday that transactions surged to a record high during the week-long Spring Festival holiday as card holders went on a spending spree.
The total value of transactions at home and abroad through the China UnionPay network soared 47 percent from last year's holiday to 679 billion yuan (about 107 billion US dollars), according to a company statement.
Card owners' spending on shopping and catering rose 43 percent and nearly 50 percent, respectively, while that for entertainment and cultural activities also surged.
Overseas transactions showed marked growth in outbound travels to Belt and Road countries, with payments in Turkey, Morocco and Sri Lanka more than double those of last year.
VCG Photo
VCG Photo
Mobile payments through China UnionPay services went up nearly 150 percent overseas, according to the operator.
It said China UnionPay cards can now be used in 168 countries and regions around the world as more and more Chinese travel abroad.
Over 6.5 million overseas trips were expected to be made by Chinese tourists during this year's holiday, according to the China Tourism Academy.
Hundreds of millions of Chinese returned to their hometowns or traveled with their families to celebrate the Lunar New Year.
This year's Lunar New Year holiday ran from February 15 to February 21.
Source(s): Xinhua News Agency