China Citic Made Real Good Decision on Virtual Credit Cards

There are three points to consider when determining whether China Citic Bank was smart when it decided to offer electronic credit cards in cooperation with Alipay, the country's largest third-party payment service, and WeChat, Tencent Holdings' messaging app.

The first is whether the bank had profit or advertizing in mind when it decided to serve people with such shallow pockets, a move that amounts to lowering its usual standards.