"Taobao Green Card" Release

   Date:2007/12/17     Source:

Alibaba's consumer-to-consumer (C2C) site Taobao.com and online payment tool AliPay have partnered with Postal Savings Bank of China (PSBC) to release Taobao's first co-branded credit card the "Taobao Green Card" on December 15, reports zjmoney.com. The card bears PSBC and Taobao logos, and can be used dually as an AliPay account. Card users can make single payments of up to 5,000 Yuan, and will receive SMS confirmations for purchases above 5,000 Yuan to be made in multiple payments, according to the report.

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