Money
Third-party payment licenses granted to 27 firms
(China Daily)
Updated: 2011-05-27 09:30
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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.
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