PAYMENT SYSTEM FOR THIRD PARTIES IN CHINA

Updated: 11/03/2008 16:02
Reprints/Permissions  Hyip Monitor
Xiaonei.com, Chinas leading social networking services website, is planning to introduce its Internet payment system application interface for third

Xiaonei.com, China's leading social networking services website, is planning to introduce its Internet payment system application interface for third parties. The move is directed to help third parties increase their profits and survive in the economy slump environment.

Starting from October 17 this year Xiaonei.com invited all qualified application developers to join its payment platform. At the moment a number of application developers are being instructed by the engineers on getting used to the system and designing proper charging models.

According to Xu Chaojun, vice president of China InterActive Corp, which is a major stakeholder in Xiaonei.com, the payment system entered into partnership with Chinese banks and third-party payment software developers. The platform is said to easily handle the whole payment process while the only one task to be solved by the developers is to get funds of the users into their pockets.


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