Cash card enables direct debit payments online and Shanghai Huateng software have signed an alliance to provide an alternative to credit cards for online consumer payments. But is anyone buying?, a Hong Kong based electronic payment infrastructure company, has signed a co-operative agreement with Shanghai Huateng Software Systems Huateng to develop an instant payment mechanism for China. The platform aims to enable domestic and cross-border business to consumer B2C, and person to person P2P transactions on a direct debit basis via the internet.

This follows a recent memorandum of understanding between and Singapore Telecom SingTel. The technology company...

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