Online Payment Platform SinaPay Updates to WeiboPay

Sohu IT, 12/08/12

Following a recent upgrade, Chinese internet company Sina's (Nasdaq: SINA) online payment platform SinaPay has changed its name to "Weibo Qianbao" ("WeiboPay," literally "Weibo Wallet"). WeiboPay is China's first socially enabled online wallet: all users of Sina's Weibo microblogging platform automatically have WeiboPay accounts. A spokesperson for WeiboPay said that the company hopes to provide a more convenient way for Weibo users to conduct business online, and for developers to charge users for their products and services.

The Winter 2012 edition of the Sina Weibo mobile client adds support for WeiboPay alongside upgrades to corporate Weibo account features and QR code scanning. The homepage for the new service, http://www.weibopay.com, currently redirects to the old SinaPay address at http://pay.sina.com.cn.

Editor's Note: For more background on this topic, please see "Sina Releases Payment Tool" MD 1/24/11 issue.

Keywords: online payment mobile payment Internet wireless SinaPay Sina microblogging e-payment

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