Business
        

Money

Third-party payment licenses granted to 27 firms

Updated: 2011-05-27 09:30

(China Daily)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

The People's Bank of China offered third-party payment licenses to 27 companies including Alipay, Unionpay and a unit of Tencent Holdings Ltd, the central bank said in a statement posted on its website on Thursday.

Alipay, China's largest e-payment platform, said the license would allow the company to handle foreign exchange transactions, Internet and mobile payments, and debit card services.

Specials

Suzhou: Heaven on Earth

Time-tested adages sing praises of Suzhou, and Michael Paul Franklin finds it's not hard to understand why on a recent visit.

The sky's the limit

Chinese airline companies are increasingly recruiting pilots and flight attendants as the industry experiences rapid expansion.

Diving into history

China's richest cultural heritage may lie in the deep, like exhibits in a giant underwater museum.

Refreshingly beautiful
V-Day parade
Revolutionary marriage