China Post plans to invest CNY100 million to build an electronic payment platform for mobile phone and Internet payment services.
The People's Bank of China has already accepted a related application from China Post's Chongqing operation and management department, so this is the first step in the organization's nationwide service roll-out.
The application reportedly shows that China Post's electronic payment service company will have registered capital of CNY100 million. Of the total investments, China Post Group will invest CNY82 million, accounting for 82%; China Post Chongqing company will invest CNY9 million, accounting for 9%; and China Post Shaanxi company will invest CNY9 million, accounting for 9%. The headquarters will be located in Chongqing.
China Post's electronic payment service company applied for the operation of Interne...
This news article comes via ChinaTechNews.com , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of ChinaTechNews.com
