Alipay, the payment arm of Chinese e-commerce giant Alibaba, has released new statistics about this year’s Chinese National Day Golden Week (黄金周, the week-long public holiday from October 1 to 7). As expected, mobile payment saw heightened traction during the holiday. In a press release, Alipay claimed that its platform processed 2.2 times as many in-store transactions overseas over the past week compared to last year.

Overseas spending through the Alipay app also grew significantly with Asia continuing at the top spending destinations for Alipay users. Hong Kong retained its top spot from last year’s ranking and Thailand also retained its position as second favorite spending destination, company data shows. Japan rose to become the third most popular destination in terms of transaction volume.

According to the payment giant, European countries saw the fastest growth in terms of transaction volume. Transaction volume in Switzerland increased 27 times compared with the previous year, usage in Spain also grew 14 times.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.