Alipay, the country's largest third-party payments company, will waive newly introduced commissions for transactions conducted via mobile platforms, in a bid to get more of its users on its mobile application.

Alipay, a subsidiary of e-commerce giant Alibaba Group Holding Ltd, will start levying a fee of 0.1 percent of the total value of transactions, according to a recent company announcement.

That translates into commission fees starting at 0.5 yuan (8 cents) per transaction and up to a maximum fee of 10 yuan. Previously, transactions with a value below 10,000 yuan were exempted from such fees.