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Spring Festival holiday fuels bank card transactions
BEIJING, Feb 16, 2013 (Xinhua via COMTEX) --
China saw rapid growth in
cross-bank card transactions during the Spring Festival holiday,
statistics from national bank card network operator China UnionPay
showed Saturday.
The total value of domestic cross-bank card transactions rose
43 percent year on year during the holiday, which lasted from Feb.
9 to 15, while overseas card transactions gained 33 percent during
the period, China UnionPay said in on online statement.
Card payments in shopping malls and supermarkets continued to
show robust growth, up 44 percent and 34 percent, respectively,
but transactions in restaurants grew only 17 percent from a year
earlier.
Card transactions in jewelry shops experienced a boom during
the period, surging 119 percent year on year due to Valentine's
Day, the statement said.
Marked transaction growth was also recorded in tourism-related
businesses, including ticket purchases at tourist attractions and
spending in hotels.
In major overseas tourist destinations such as Cambodia,
Thailand, the Republic of Korea, Taiwan, Malaysia, Singapore,
Italy and the United Arab Emirates, UnionPay card transactions
grew by over 40 percent during the holiday.
China UnionPay is solely responsible for bank card transactions
on the Chinese mainland and has extended its network to 141
countries and regions.
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