China's non-cash payments hit record-high

BEIJING: The non-cash payments handled by Chinese banks have increased during the seven-day Spring Festival holiday and reached record-high, according to China's central bank.

Non-cash payments, involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements, stood at 14.9 trillion yuan (about $2.34 trillion) from January 31 to February 6, up 16.2 percent year on year, the People's Bank of China said on Monday.