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The Right and Wrong of Life

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Standard Chartered China becomes first international bank to launch Alipay’s Express Payment service
Providing even more customer convenience with new express payment service 15 February 2012, Shanghai, China - Standard Chartered Bank (China) Ltd and Alipay today jointly announced the launch of the new Standard Chartered - Alipay Express Payment service.

The launch of this new service innovation is a reflection of Standard Chartered China‘s commitment to customer service excellence and a first for international banks in China to provide a service which enables debit card holders to safely and conveniently pay off their online purchases, anywhere, anytime.

Standard Chartered China debit card holders can now join 40 million other users of the Alipay Express Payment service to make secure and convenient purchases with as many as 460,000 online merchants worldwide that offer Alipay as a payment option, including Taobao.com and TMall.com.

To use the Express Payment service, users do not need to register for online banking but must provide their debit card number, mobile phone verification code and other related information. Once approved, users need only their Alipay password and mobile verification code to complete transactions.

Standard Chartered China and Alipay have implemented a rigorous security system to provide consumers with ease-of-use and account protection. The state-

of-the-art security system reduces the risks caused by Trojan horses and phishing links. Additionally, Alipay offers to recover transaction losses encountered during the use of the Express Payment service within 72 hours of the issue being reported (some restrictions apply).

Standard Chartered China‘s cooperation with Alipay is a milestone for the Bank and its customers. The addition of the Express Payment service will expand the already comprehensive service offerings

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