Alipay bears cost of system error that applied discounts to user transactions
Alipay, China’s leading mobile payments platform, will bear the expense from unexpected losses that it incurred on Thursday, when a system error gave a 20 per cent discount to an undisclosed number of user transactions. The error, which was caused by a back-end misconfiguration in the app’s promotional campaign, applied an “immediate deduction” to the … Read more
