Core Insights - The People's Bank of China reported that in 2025, the payment system is expected to handle a total of 16,242.16 billion transactions, amounting to 12,807.07 trillion yuan [1] Payment System Overview - The payment system includes various components such as the People's Bank of China Clearing Center System (large-value real-time payment system, small-value batch payment system, online payment interbank clearing system, domestic and foreign currency payment systems), UnionPay interbank payment system, city bank clearing payment system, rural credit bank payment clearing system, RMB cross-border payment system, Netlink clearing platform, and commercial bank internal business systems [1]

Core Insights - The core viewpoint of the article highlights the significant growth in payment transactions during the Spring Festival holiday in 2026, indicating a robust recovery and increased consumer activity in the payment industry [1] Group 1: Transaction Growth - During the Spring Festival holiday (February 15-23, 2026), UnionPay and NetUnion processed a total of 39.302 billion transactions, amounting to 13.12 trillion yuan [1] - The average daily transaction volume and amount increased by 37.45% and 19.26% respectively compared to the Spring Festival holiday in 2025 (January 28 - February 4) [1] - The average daily payment transactions and amounts from foreign visitors to China saw a remarkable increase of 78.10% and 44.33% respectively [1]

Core Insights - During the 2026 Spring Festival holiday (February 15 to February 23), UnionPay and NetUnion processed a total of 39.302 billion transactions, amounting to 13.12 trillion RMB [1] - Compared to the 2025 Spring Festival holiday (January 28 to February 4), the average daily transaction volume and amount increased by 37.45% and 19.26%, respectively [1] - Notably, the average daily payment transactions and amounts from foreign visitors to China surged by 78.10% and 44.33% [1]

Group 1 - The core message indicates that during the Spring Festival holiday (February 15-23), UnionPay and NetUnion processed a total of 39.302 billion transactions amounting to 13.12 trillion yuan, with daily average transaction counts and amounts increasing by 37.45% and 19.26% respectively compared to the previous Spring Festival holiday (January 28-February 4) [1] - The daily average payment transaction counts and amounts for foreign visitors to China saw significant growth, with increases of 78.10% and 44.33% respectively [1]

Core Insights - The People's Bank of China reported significant growth in payment transactions during the 2026 Spring Festival holiday, with a total of 39.302 billion transactions amounting to 13.12 trillion yuan [1] - Daily average transaction volume and amount increased by 37.45% and 19.26% respectively compared to the 2025 Spring Festival holiday [1] - There was a notable increase in payment transactions from foreign visitors to China, with daily averages rising by 78.10% in transaction count and 44.33% in transaction amount compared to the previous year [1] Group 1 - The total number of transactions processed by UnionPay and Wanglian during the 2026 Spring Festival holiday reached 39.302 billion [1] - The total transaction amount during the same period was 13.12 trillion yuan [1] - The daily average transaction count and amount saw significant year-on-year growth of 37.45% and 19.26% respectively [1] Group 2 - Payment transactions from overseas visitors to China showed remarkable growth, with a 78.10% increase in transaction count [1] - The transaction amount from foreign visitors also increased by 44.33% compared to the 2025 Spring Festival holiday [1]

Core Insights - During the 2026 Spring Festival holiday (February 15-23, 2026), UnionPay and the National Payment Network processed a total of 39.302 billion transactions, amounting to 13.12 trillion yuan, indicating significant growth in transaction volume and value compared to the previous year [1] Group 1: Transaction Growth - The average daily transaction volume and value increased by 37.45% and 19.26% respectively compared to the 2025 Spring Festival holiday (January 28 - February 4, 2025) [1] - The average daily payment transaction volume and value for foreign visitors to China saw substantial growth, with increases of 78.10% and 44.33% respectively [1]

Core Insights - The article reports that during the 2026 Spring Festival holiday, UnionPay and NetUnion processed a total of 39.302 billion transactions amounting to 13.12 trillion yuan, showing significant growth compared to the previous year [1] Transaction Growth - The average daily transaction volume and amount increased by 37.45% and 19.26% respectively compared to the 2025 Spring Festival holiday [1] - Specifically, the average daily payment transactions and amounts from foreign visitors to China grew by 78.10% and 44.33% respectively [1]

Core Insights - On the eve of 2026, UnionPay and Wanglian processed a total of 4.931 billion payment transactions, representing a year-on-year increase of 21.64% [1] - The peak period for red envelope distribution occurred between 23:50 on New Year's Eve and 00:20 on the first day of the new year, with the highest network payment rate reaching 144,700 transactions per second, a year-on-year growth of 7.18%, marking a historical high [1]

Group 1 - The core point of the article highlights that on the eve of the Lunar New Year in 2026, UnionPay and Wanglian processed a total of 4.931 billion payment transactions, marking a 21.64% increase compared to the previous year [1] Group 2 - The data indicates a significant growth in payment transactions during the holiday period, reflecting an upward trend in consumer spending and digital payment adoption in China [1] - The comparison with the previous year's figures emphasizes the robust performance of the payment processing sector, showcasing its resilience and expansion [1]

Core Viewpoint - The payment transaction volume is expected to reach a seasonal peak as the Spring Festival approaches, highlighting the importance of ensuring the continuity of payment and clearing services [1] Group 1: Industry Insights - Payment service providers are urged to recognize the significance of maintaining the continuity of payment and clearing operations [1] - There is a call for conducting system stress tests and capacity assessments in advance to meet peak demand [1] - Continuous enhancement of core system and network security is emphasized to prevent cyberattacks and data breaches [1] Group 2: Operational Preparedness - The industry is encouraged to improve emergency response plans and conduct practical drills to ensure effective business monitoring and emergency handling [1] - The collective effort aims to provide robust payment service support for the public during the festive season [1]