E-Credit Card 网络信用卡

E-credit card 网络信用卡

E-credit cards are like regular credit cards except they have much lower credit limits and, of course, are not tangible. Instead, they appear to users as features built into mobile phone apps. Two companies had planned to launch the service in China, but were told by the central bank to put their plans on hold. In March, the third-party payment service Alipay and messaging app WeChat said they would work with China CITIC Bank to issue cards that allow users to make purchases on credit on shopping sites and pay later from their bank accounts. Users would manage their credit cards through the apps. The companies said users would not need to disclose asset information to apply for e-credit cards because they can assess creditworthiness based on applicants’ shopping records. The central bank was not satisfied with this explanation and wants more research on how the operators can verify the identity of users and protect their information.