17 September 2019

Alipay to waive fees for mobile platform users, paper says

Alipay, China’s leading third-party payments service provider, will waive newly introduced commissions for transactions conducted via mobile platforms, in a bid to get more of its users on its mobile application, China Daily reported Wednesday. Alipay, a unit of e-commerce giant Alibaba Group, said recently that it will start levying a fee of 0.1 percent of the transaction value. That translates into commission fees starting at 50 fen (8 US 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. However, commissions will be waived for credit card payments, inter-bank transactions and payments of utility bills if those transactions are conducted via mobile devices, the report said. 

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