Business / Gadgets

Alipay to issue online credit cards

(Xinhua) Updated: 2014-03-11 17:43

Alipay to issue online credit cards

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Alipay to issue online credit cards

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BEIJING - Users of China's most popular online payment service, Alipay, will have the chance to apply for credit cards for online consumption starting next week.

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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