Posts Tagged: citic bank


WeChat and Alibaba hit as China bans online payments made using QR codes, virtual credit cards

WeChat and Alibaba hit roadbumps as China bans online payments made using QR codes, virtual credit cards

The People’s Bank of China (PBOC) issued an edict late yesterday that bans two particular things: epayments made via QR codes, and onl...

  • March 14, 2014
  • at 2:10 pm
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Alibaba will hand out 1 million virtual credit cards next week

Alibaba’s third-party payment system Alipay next week plans to issue one million “virtual credit cards,” according to the company&...

  • March 12, 2014
  • at 11:44 am
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wechat tencent credit card

Virtual credit cards boom in China as Tencent issues one for WeChat users

Within 24 hours of Alibaba announcing it would hand out one million “virtual credit cards”, rival web giant Tencent (HKG:0700) reveal...

  • March 12, 2014
  • at 1:30 pm
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