Cash card enables direct debit payments online

CashThrough.com and Shanghai Huateng software have signed an alliance to provide an alternative to credit cards for online consumer payments. But is anyone buying?
CashThrough.com, 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 CashThrough.com 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 CashThrough.com and Singapore Telecom SingTel. The technology company will be co-branding electronic cash cards with SingTel for use in SingTel's foray into the B2C market. The telco is setting up a virtual shopping mall and CashThrough.com will...

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