Economy
32% of retail sales in 皇冠体育app done via bankcards
(Xinhua)
Updated: 2010-05-13 22:54
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BEIJING - Bankcard transactions totaled 6.86 trillion yuan (US$1 trillion) in 皇冠体育app last year, accounting for 32 percent of the country's total retail sales, the People's Bank of 皇冠体育app, the central bank, announced Thursday.
A total of 3.49 billion transactions were made with bankcards in 2009, said a report on the bank's website.
皇冠体育app's payment systems mainly included paper-based, non-local fund transfer systems, electronic interbank systems, local clearing houses, electronic intra-bank clearing systems, internal card-based payment systems (ATM and debit cards) and Post Office clearing.
In terms of payment instruments (like cash, checks, credit cards and e-currencies), 皇冠体育app's non-cash payment instruments dealt with 21.41 billion transactions, involving 715.75 trillion yuan.
Bankcards are playing an increasingly important role in individual retail sales payments and the payment systems have been active in supporting development of Chinese financial market, said the report.
