财新英文

In Depth: Inside the Illicit Business Running Up China’s Credit Card Debt

2020年07月08日 20:47

T中

‘Cash-out services’ allow individuals and businesses to tap their credit cards for cash loans by disguising the transactions as purchases that never take place

An illicit business that has become a lifeline to many of Alipay and WeChat Pay’s smaller peers has again caught the attention of regulators for contributing to China’s ballooning credit card debt, a problem that has only grown worse amid the economic strain caused by the Covid-19 pandemic.

版面编辑：喻竹杨洋

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