Sino Payments Inc. has received a five-year service agreement to provide electronic funds processing for Sogo Department Stores in Hong Kong.

Wal-Mart has reached a strategic cooperation agreement with the Chinese offline payment provider Lakala to provide financial services to people in 80 cities across China.

Chain convenience store group 7-Eleven has jointly announced with China UnionPay the launch of a financial service plan, providing China UnionPay's standard card users in Guangdong with a series of convenient payment services.

Amazon.cn has announced plans to cooperate with Alipay, an online payment provider and sister company of Amazon.cn's competitor Taobao.com — which is owned by Alibaba.com.

Chinese third-party electronic payment services provider 99Bill has launched one-stop cross-bank services for credit card bill payment targeting 75 millions credit card holders in China.