Fast pay saves Singles’Day (2)

Traditional B2C e-commerce payments in China have to be completed via online banking systems, a move that protects shoppers' bank accounts but slows down payment speeds, redirecting shoppers to the banking systems when they click the pay button on alipay.com.

The Singles' Day online sales push let more people know about Alipay's fast-payment system, which many consumers turned to when banking systems were overwhelmed by the payment peak, the staff member from Alipay said.

During the promotions, the online payment system of China Construction Bank (CCB) broke down several times and Agricultural Bank of China (ABC)'s online banking system could not be accessed, China Business Journal reported Sunday, citing Alipay.

Neither CCB nor ABC could be reached by press time.

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