red packet

A red envelope or red packet (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. Although the red envelope is from Chinese traditions, other cultures also share similar traditional customs. The red packet is also called "money warding off old age" (壓歲錢; yāsuì qián) 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. In the mid-2010s, a digital equivalent to the practice emerged within messaging apps with mobile wallet systems localised for the Chinese New Year.

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