Ant Financial’s payment service Alipay will start charging a fee on credit card repayments next month, a move that comes amid rising operational costs and tightening regulation.

From March 26, the Chinese payment giant will start charging 0.1% on monthly repayments in excess of RMB 2,000 (around $300) to “ensure the sustainable development of its credit card repayment service,” an Alipay spokesperson said in a statement shared with TechNode.

The fee will not be applied to credit card bills below the monthly threshold, while users that exceed it will be able to use their membership points to increase the quota without incurring fees.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.