Published: 14:51, September 8, 2025
China reports solid growth in online payments during summer months
By Xinhua
This undated file photo shows a view of the People's Bank of China (PBOC). (PHOTO / XINHUA)

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.

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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 (PBOC).

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.