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June 19, 2010

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Boom fuels payments

CHINESE electronic payment service provider 99bill.com Inc sees trade volume to hit 400 billion yuan (US$58 billion) this year, fourfold last year's level, due to booming tourism and aviation in China.

Meanwhile, 99bill.com signed a deal with China Eastern Airlines and UATP (universal air travel plan) to launch an electronic payment service for Chinese enterprises to help them cut costs, the firms said yesterday.
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