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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: cash | card | enables | direct | debit | payments | online

Print Edition

FinanceAsia Print Edition