E-Commerce: Alibaba and MasterCard sign MoU

Posted by Joachim Bartels | Apr 6, 2013 | Alibaba, Alipay, China, E-Commerce, Payment Services, Uncategorized | 0 |

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

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.