xi's moments
Home | Finance

China issues 7.83b bank cards in total

Xinhua | Updated: 2019-06-24 10:58

A Chinese resident shows her bank cards. [Photo/IC]

BEIJING - China had issued a total of 7.83 billion bank cards by the end of 2018, with each Chinese person owning about 0.7 credit cards and 4.92 debit cards on average, according to a industry report.

Transactions worth 789.6 trillion yuan ($114.61 trillion) were made through bank cards, maintaining a stable growth momentum, said the report released by the China Banking Association.

In breakdown, China issued 970 million credit cards with a transaction amount of 38.2 trillion yuan, while debit card issuance stood at 6.86 billion with a transaction amount of 751.4 trillion yuan.

In line with the continuous growth of bank card business, the card acceptance market expands rapidly, the report said.

Chinese card payment giant Unionpay's outbound services have been extended to 171 countries and regions.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349