Alipay, the affiliated e-commerce payment unit of Alibaba Group, will soon roll out a credit-line service for businesses and consumers on its e-commerce platforms, Sina Technology news reported on Friday.
A pilot version of the program, which will be first available for users of Taobao Marketplace and Taobao Mall on mobile devices, will be rolled out in certain parts of China.
An Alipay spokeswoman declined to comment.
The report said that Taobao Marketplace and Taobao Mall businesses who use the service will initially pay a discounted fee of 1 percent to Alipay.
According to technology research firm Analysys, Taobao Marketplace and Taobao Mall had a majority of market share in China's consumer-to-consumer market and business-to-consumer platform.
(Reporting by Melanie Lee; Editing by Matt Driskill)