PBOC Halts Virtual Credit Cards And Mobile Payments In China
The People’s Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese Internet companies like Alipay and Tencent previously launched such services. However, neither company has given any comment on the situation. The emergency […]
Alibaba Signs MOU With Credit Card Company
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.
Alipay.com Teams With Chinese Banks For Convenient Internet Payments
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.