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Online transactions via China UnionPay hit record holiday high

2021-02-19 11:22

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SHANGHAI, Feb. 18 (Xinhua) -- Chinese card payment giant China UnionPay saw its online transactions hit a record high during the seven-day Spring Festival holiday that ended on Wednesday.

China UnionPay's online payments from Feb. 11 to 17 hit 1.38 trillion yuan (about 213.3 billion U.S. dollars) during the Chinese New Year holiday, up by 4.8 percent year on year.

Catering, shopping, traveling, and entertainment were the main areas of holiday consumption. Payments for movie tickets in particular skyrocketed by 337.7 percent compared with the week before the Spring Festival.

China's box office revenue hit a record high of 7.8 billion yuan, beating the same holiday in the previous years.

As many people echoed the national call to "stay put" to celebrate the Lunar New Year, local transactions via China UnionPay increased by 13.6 percentage points compared to last year's Spring Festival.

In terms of cross-border consumption, the transaction volume of UnionPay cards issued on the Chinese mainland increased by over 35 percent, year on year, in Macao during the period.

China UnionPay is the country's largest bank card payment processor, and UnionPay cards are accepted in more than 170 countries and regions worldwide.
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