Money

Third-party payment licenses granted to 27 firms

(China Daily)
Updated: 2011-05-27 09:30

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.