China UnionPay Record Payments

China UnionPay experienced record payments during the eight-day National Holiday. Payments over the network reached US$206 billion with a total of some 728 million transactions. Xiamen city was among the areas with the highest increase, with daily transactions up more than 50% YoY. UnionPay cards are hugely popular among Chinese tourists traveling abroad and are accepted in more than 160 countries and regions.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.