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UnionPay transactions surge in Spring Festival spree

Xinhua, February 15, 2016 Adjust font size:

China UnionPay transactions soared to yet another record high in the Spring Festival, the operator revealed Sunday.

The total volume of transactions at home and abroad through China UnionPay cards amounted to 312.1 billion yuan (47.6 billion U.S. dollars), up 31 percent year on year, during the seven-day holiday ending on Feb. 13.

Cross-border UnionPay card transactions saw remarkable growth in Japan, the Republic of Korea, the United States and other UnionPay-friendly markets.

China UnionPay is responsible for all bank card transactions on the Chinese mainland and has extended its reach to more than 100 countries and regions. Endi