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China sees surging online transactions during Spring Festival
Updated: February 5, 2020 19:24 Xinhua

BEIJING — Chinese card payment giant China UnionPay reported an increasing number of online transactions during the weeklong Spring Festival holiday.

From Jan 24 to 30, about 1.38 billion online transactions were made through the China UnionPay network, valued at 1.32 trillion yuan (about $189 billion), data from the company showed.

The number of transactions surged by 13.21 percent year-on-year while the value marked a 13.3-percent rise, the company said.

Since the novel coronavirus outbreak, China UnionPay has stepped up efforts to ensure the orderly operation of the cross-bank transfer system and UnionPay payment services, according to the company.

It has also strengthened the supervision of the network and transaction environment in Hubei province and other major epidemic-stricken areas.

The company said that it would cut or waive service charges or cross-bank cash withdrawals fees in such areas throughout the epidemic control period.

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