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China UnionPay sees record payment of $206 billion during holiday

10/11/2017| 9:21:06 AM|

National bank card association China UnionPay saw record payment of 1.37 trillion yuan ($206 billion) with a total of 728 million transactions during the National Day holiday, the association said Monday.

Payment over the China UnionPay network reached 1.37 trillion yuan (USD 206 billion) with a total of 728 million transactions. The daily averages went up 36.2 percent and 11.7 percent respectively year on year.

Xiamen city, in East China's Fujian province, was among the areas with the highest increase, with daily transactions up more than 50 percent year-on-year, said Chen Han, a data analyst with China UnionPay.

A total of 2.13 million tourists visited the coastal city from October 1 to 8, a jump of 23.57 percent from a year ago.

China UnionPay is the country's largest bank card payment processor.

UnionPay cards are popular among Chinese tourists traveling abroad and accepted in more than 160 countries and regions around the world.

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TAGS: UnionPay | Chinese tourists | mobile payment
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