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UnionPay says its cross-border transactions surged during Spring Festival, rising nearly 50 percent year on year.
中国银联表示,春节期间跨境交易量显著增长,年同比增长几乎50%。
The total volume of transactions at home and abroad through China UnionPay cards totaled nearly 40 billion U.S. dollars during the seven day holiday.
South Korea and the United States topped the list of Cross-border transactions.
Card payments for transportation almost doubled from last year, while transactions in shopping grew about 50 percent from last year.
China UnionPay is responsible for all bank card transactions on the Chinese mainland and has extended its reach to 150 countries and regions.
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