China’s transactions rise during Spring Festival holiday

Chinese card payment giant China UnionPay and Chinese online payment clearing house NetsUnion Clearing Corporation reported surging transactions during the first seven days of the 2025 Spring Festival holiday, which lasts from Jan 28 to Feb 4, according to the China’s central bank.

During the period, the two platforms handled a total of 22.078 billion payment transactions, with a transaction value of 8.52 trillion yuan (about 1.18 trillion U.S. dollars), up 25.70 percent and 17.08 percent respectively from a year ago, data from the People’s Bank of China showed.

Notably, payment transactions involving international visitors to China saw a significant rise, with the transaction volume increasing by 127.30 percent year on year and the transaction value growing by 93.54 percent from the previous year.