During the 11th Golden Week this year, cross-border travel was hot, Alipay and UnionPay card released relevant data, and the scale of outbound consumption and the number of transactions during the National Day in 2023 exceeded that of last year, and outbound consumption increased by more than 130%.

Alipay data show that the overall number of Chinese outbound travel transactions has recovered to nearly 80% in the same period in 2019, and the per capita consumption amount has increased slightly to 105% in 2019. According to UnionPay International, the average daily transaction amount of domestic tourists using UnionPay cards at POS terminals of overseas merchants increased by more than 1.3 times compared with the same period last year, and the number of transactions completed by outbound tourists through UnionPay network QR codes increased by 1.4 times compared with the same period last year, reaching 2.5 times in the same period in 2019.

These data show that the cross-border payment market continues to be hot during the Golden Week. Popular ticket destinations are mainly concentrated in Hong Kong, Macao and Asian countries, while trans-continental long-term countries such as Switzerland, Spain, Turkey, Russia, the United Kingdom, France and other passengers have the fastest growth rate. In Hong Kong, the number of transactions, amount and number of Alipay transactions exceeded the same period in 2019, and transportation services were the most favored by domestic tourists during the holiday, with 16 times more transactions than in 2019.