Monday, 9 January 2017

The Internet Banking Union may help you transfer money from Alipay to Wechat pay - Kapronasia

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This week, the Internet Banking Union (IBU) was approved by China’s central bank the People’s Bank of China (PBOC) thus creating a 'Digital Union Pay' that may bring cross-platform interoperability to digital payment platforms including Alipay and WeChat Pay.

From The Internet Banking Union may help you transfer money from Alipay to Wechat pay - Kapronasia

The IBU will be set up by the China Payment Clearing Association and, although it has not announced the exact shareholders, it is clear that there will not be more than 50 of them and they will all be from third party payment companies

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