NCR Corporation has been awarded a five-year technology service agreement from People's Bank of China Shanghai Automatic Clearing Centre to provide on-site technical support and maintenance services for its intra-city clearing systems.

Market research firm Analysys International published its latest statistics: by 2015, China's third-party Internet payment scale will reach CNY13.920 trillion.

Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.

Chinese Internet company Tencent's online payment service Tenpay and American Express have reached cross-border payment cooperation and the two parties have jointly launched a new virtual payment product.

Chinese B2C e-commerce website 360buy.com and the Beijing branch of Bank of China are jointly launching a supply chain financial service platform.

Alipay, the Internet payment subsidiary of Alibaba Group, and Yek Mobile, a Chinese mobile retail service provider, have formed a strategic partnership to jointly promote the convergence of mobile payment and e-commerce.

Alipay.com, the Internet payment subsidiary of Alibaba Group, launched a new platform to integrate various Internet accounts, covering Internet shopping and banking.

Chinese B2C e-commerce website 360buy.com has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi.

Chinese third-party Internet payment company 99bill.com announced that it will launch a new brand image and its new brand core value will focus on providing professional and effective liquidity management solutions to enterprises.

After an upgrade, Apple changed the terms of use of its App Store in China and has started accepting Yuan-denominated settlement in the country.

Tenpay, the Internet payment subsidiary of Chinese technology firm Tencent, and American Express have reached an agreement to jointly provide Internet payment services to Tenpay's overseas users who purchase goods from American Express vendors.

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.

Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

China Telecom's Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users.