Chinese third-party payment processor Alipay will eliminate free money-transfer services between some Alipay users and will increase fees for others. Beginning on 3 December, transactions below CNY 20,000 (US $3,263), which were previously free, will be charged at a rate of 0.1 percent. Transactions of CNY 20,000 and over, which were previously charged at 0.5 percent, will now cost 0.1 percent, as well. The minimum fee for any transaction will be CNY 0.5 (US $0.08), and the maximum fee will be CNY 10 (US $1.63). Services subject to the fee include account transfers, received funds and rent payments. User transfers made via Alipay’s mobile app, Alipay Wallet, will continue to be free of charge and not subject to transaction amount limits.