Alibaba Group and MasterCard have signed a Memorandum of Understanding (MoU) agreeing to collaborate in e-commerce business in the future.
Under the terms of the MoU, the two companies aim to join forces to establish an enhanced e-commerce environment to benefit consumers and small businesses. They agreed to work together to help combat intellectual property infringement.
Both companies believe the MoU will help to provide a safe and efficient payment experience for users of Alibaba Group’s platforms. They will also cooperate on innovations on cross-border payments, acceptance, security and risk management.
Source: Business Strategies Group Hong Kong – www.bsgasia.com