25,March,2014
The Postal Savings Bank of China (OTC:PSBC) is currently negotiating with the instant messaging product Laiwang under Alibaba, and does not rule out the introduction of Laiwang Bank.
- PSBC actively promotes the integration of financial services and social networking platform. On January 3rd, it launched three Internet financial products-Micro-Blog Bank, WeChat Bank and Easy Credit Bank. PSBC's Micro-Blog Bank, WeChat Bank provides three kinds of services-debit card, credit card and life service. Debit cards' transfer function is expected to be launched in June. By the end of 2013, the asset size of PSBC reached 5.6 trillion yuan, with nearly 40,000 service outlets, covering 430 million customers. Among them, electronic banking customers was more than 90 million, mobile phone banking customers reached 40 million, and TV banking customers reached 5 million.