Holders claim prepaid cards 'useless'

Holders of prepaid cards issued by a Shanghai-based third-party payment company claim that they are finding the cards to be almost useless in a widespread area of the Yangtze River Delta. The cards involved are carrying more than 500 million yuan ($80.45 million).

The cards, issued by Chang Go Corporate Services Co Ltd, have been rejected since December because of a "system breakdown", said cardholders.

Chang Go holds a third-party payment license issued by the People's Bank of China, and it had approval to issue the cards in Shanghai and the provinces of Jiangsu, Zhejiang, Anhui and Shandong, according to the official website of the company.