Friday, April 25, 2014   

Alipay charges desktop PC users for online payment
(12-04 18:33)

Desktop computer users have been locked out of free payment services by Alipay, China's leading online payment platform, since Tuesday, as the company tries to go mobile.
Mobile users will continue to enjoy free services, widely seen as an attempt to promote Alipay's "mobile wallet", Xinhua reports.
There is a charge ceiling of 10 yuan and a floor of 0.5 yuan per payment through desktop computers, based on a rate of 0.1 percent for every transaction, according to Alipay. Previously, users had monthly quotas for free online payment and they were charged 0.5 percent for transactions beyond their quota. The ceiling was 25 yuan.
The "mobile wallet" payment system will be the mainstream of the future, said Zhang Daosheng, public relations manager of Alipay.
China's third-party mobile payments have been booming and hit 334.3 billion yuan in the third quarter, up 173 percent from Q2, according to Enfodesk, a commercial information provider. Alipay scooped about 64.4 percent of that, followed by Lakala, another payment provider, which took about 24.2 percent.
In early August, Tencent's online payment arm, Tenpay, added payment services to the latest version of WeChat, a popular mobile text and voice message application.   
Other Business breaking news:
China jobless rate at 4pc (22 mins ago)
Singapore home prices down in first quarter (29 mins ago)
Nikkei up at mid-day (1 hr 8 mins ago)
European equities rebound (04-24 19:13)
Spain cuts jobless rate to 25.73pc (04-24 18:15)
Bitcoin exchange MtGox to start liquidation process: lawyer (04-24 17:50)
Canon sees profit up on weak yen (04-24 17:36)
Draghi wants to publish ECB minutes (04-24 17:35)
Large Scania shareholder accepts Volkswagen bid (04-24 16:43)
German business confidence up in April (04-24 16:40)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.