A foreigner uses an Alipay code on his mobile phone to buy coffee in Shanghai. CHINA DAILY
BEIJING — Chinese online payment clearinghouse NetsUnion and card payment giant China UnionPay reported robust growth in online payments during July and August, a high season for tourism and consumption, central bank data showed Sunday.
During the past two months, online payments via the two platforms hit 151.66 trillion yuan (about $21.34 trillion), up 16.64 percent year-on-year, according to the People’s Bank of China.
The two platforms handled nearly 277 billion transactions during the reporting period, representing a year-on-year rise of 14.59 percent, the central bank added.
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