Bankcard spending increases
By Ding Yining |
January 5, 2013, Saturday
|
Print Edition
Print Edition
CHINESE bankcard spending surged during the New Year's holiday as travel-related expenditures and shopping increased, industry figures showed yesterday.
Domestic cross-bank transaction volume jumped 38 percent from a year earlier, said China UnionPay, the country's sole bankcard transaction firm.
Overseas spending grew 23 percent with Southeast Asia a popular destination, UnionPay said.
Travel-related expenditures boomed as more people took short trips during the three-day holiday.
Tourist attractions saw tickets purchased with bankcards doubled during the holiday from Tuesday to Thursday, and spending at travel agencies increased 68 percent in the same period.
Major retailers also launched sales campaign during the holiday.
Domestic cross-bank transaction volume jumped 38 percent from a year earlier, said China UnionPay, the country's sole bankcard transaction firm.
Overseas spending grew 23 percent with Southeast Asia a popular destination, UnionPay said.
Travel-related expenditures boomed as more people took short trips during the three-day holiday.
Tourist attractions saw tickets purchased with bankcards doubled during the holiday from Tuesday to Thursday, and spending at travel agencies increased 68 percent in the same period.
Major retailers also launched sales campaign during the holiday.
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