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    Virtual credit cards banned by Central Bank  

    央行緊急叫停支付寶騰訊虛擬信用卡

    3月14日,市場有消息稱央行昨日下發(fā)緊急文件叫停支付寶、騰訊的虛擬信用卡產(chǎn)品,同時(shí)叫停的還有條碼(二維碼)支付等面對(duì)面支付服務(wù)。[查看全文]
    2014-03-14 14:33 Ecns.cn Web Editor: Gu Liping
    1

    (ECNS) -- Citing unnamed sources, the Beijing News said on Friday that certain banks have received a circular from the People's Bank of China, the central bank, banning virtual credit cards and QR code payments.

    The circular said the QR code payment system changes the traditional business mode and puts clients' personal information at risk. Virtual credit cards are also risky and require more research.

    Chinese e-commerce giant Alibaba announced that its Alipay will collaborate with China's CITIC Bank to start issuing virtual credit cards. Tech giant Tencent also released similar plans before.

    Both companies said they have just received the circular.

    Taxi booking apps supported by the two giants are also being challenged.

    Staff of Payment and Settlement Department of the central bank has confirmed the circular.

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