Alipay, together with 16 other third-party enterprises, were granted with cross-border payment license.
The 17 enterprises are located in five cities and their licenses were granted in different businesses. Alipay, Tenpay, Chinapnr, Allinpay, Unionpay, 99Bill, shengpay,IPS, fuiou, yeepay and chinagpay are allowed in trade in goods, overseas education, air tickets and hotels; yinyingtong is allowed in trade in goods, air tickets and hotels; ebatong is allowed in trade in goods and overseas education; while easipay, Globebill, yiji and qiandai are limited in trade in goods.
This is good news for third-party payment enterprises, e-commerce platforms and enterprises. Online retailer could do business with foreign buyers directly without worrying about individual foreign exchange. It also bring benefits to consumers who purchase products from foreign sellers. They used to pay with Visa or Master dual currency credit card, now they could simply pay with their RMB card through pilot third-party payment platforms.