In the mid-2010's, a digital equivalent to the practice emerged within messaging apps with mobile wallet systems localised for Chinese New Year. These customs have also been adopted across parts of Southeast Asia, and other countries that have a sizable ethnic Chinese population as well. The red packet is also called "money warding off old age" ( 壓歲錢 yāsuì qián) for Chinese New Year. Although the red envelope was popularised by Chinese traditions, other cultures also share similar traditional customs. In East and Southeast Asian cultures, a red envelope, red packet or red pocket ( simplified Chinese: 红包 traditional Chinese: 紅包 pinyin: hóngbāo Pe̍h-ōe-jī: Âng-pau) is a monetary gift given during holidays or for special occasions such as a wedding, a graduation, or the birth of a baby. Assorted examples of contemporary red envelopes
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