Industrial and Commercial Bank of China (ICBC), China’s largest bank, has rolled out a three-year term deposit service through Ant Financial’s digital wallet app Alipay. The state-owned commercial bank launched a one-year term deposit service through the Alipay app in January which it says has grown “seven-fold” in scale as of May. Alipay has been collaborating with ICBC since March 2005 [Photo by Adrian Grycuk / CC BY]The new three-year term deposit service offers users an annual interest rate of 3.79%, and is accessible through the “Anxin Cun” (Secure Deposits) section of Alipay’s app, which it claims serves more than…
China’s largest bank rolls out more deposit services with Alipay
China’s largest bank rolls out more deposit services with Alipay
