also: ホンパオ
noun
red envelope; lucky money envelope
A monetary gift given in a red envelope during Chinese New Year and other celebrations in Sinic cultures. In Japanese contexts, it may be referred to when discussing Chinese traditions.
from Chinese hóngbāo
春節には子供たちに紅包をあげる習慣がある。
There is a custom of giving red envelopes to children during Chinese New Year.
中国の結婚式では、紅包にお金を入れて渡す。
At Chinese weddings, money is put into a red envelope and given.
Alternate katakana spelling with パ for the second syllable.
お年玉 is the Japanese New Year's monetary gift for children, typically given in small decorated envelopes (ポチ袋), while 紅包 specifically refers to the Chinese red envelope tradition.
Borrowed from Mandarin Chinese 紅包 (hóngbāo), literally 'red package'.