Alipay’s market share by mobile transaction value reached 63.4 per cent in the first quarter, according to Analysys International. Photo: Reuters

Alipay to charge for transfers to personal bank accounts from October

Alibaba’s electronic payment system will charge individuals 0.1 per cent for amounts over 20,000 yuan to offset rising costs

Topic |   Mobile payments

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Alipay’s market share by mobile transaction value reached 63.4 per cent in the first quarter, according to Analysys International. Photo: Reuters
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