China reports solid growth in online payments during summer months

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.