Alipay to issue online credit cards
(Xinhua) Updated: 2014-03-11 17:43
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Alipay will join hands with China CITIC Bank to issue the first batch of one million online credit cards with a minimum credit line of 200 yuan ($32.6), a spokesman for Alipay told Xinhua.
The maximum credit a user can get will depend on the actual credit conditions of users on Alipay, as well as on Alibaba's e-commerce sites Taobao and Tmall, the spokesman said.
At present, Alipay has more than 300 million real-name registered users and boasts a large database on its users' credit.
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