Alipay gets approval for processing online investment fund payments in China

650 million registered individual and corporate users

It is rumoured that Chinese electronic payment platform, Alipay, has received approval from regulators to process individual and corporate online fund investment payments, reports reuters.com. The news, if true will see Alipay join other Chinese e-payment platforms such as UnionPay and CHinaPnR in processing trades which could boost trading volumes in Chinese funds. Alipay has around 650 million registered individual and corporate users.

Related reading

Leave a comment