PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

MasterCard Teams With China’s Largest E-commerce Giant

By Terry X Xie
March 29, 2013
in Mercator Insights
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

MasterCard last week signed a memorandum of understanding withAlibaba Group, the largest B2B and C2C e-business in China. Theobjective of the agreement is to enhance the e-commerce environmentto benefit consumers and small businesses within and outsideChina.

Alibaba Group owns alibaba.com, the leading international B2Bportal that enables small businesses in China to sell to buyersaround the world. There is also taobao.com, the dominant C2C andB2C portal in China with sellers being individuals and smallbusinesses. In 2012, taobao.com recorded over CNY1 trillion insales, or about USD$161 billion. Though Taobao’s users are mainlylocated within mainland China, more and more consumers in otherregions, especially Taiwan and Hong Kong, are also attracted to thewebsite for better product selections and prices.

The partnership with MasterCard is expected to help Alipay betterserve consumer and company buyers around the world. In China, it ispossible MasterCard can crack into the booming e-commerce market inChina by some kind of online acceptance agreement with Alipay, thedominate online payment company and a subsidiary of Alibaba Group.Alipay controls nearly half of the online payment market in Chinawith over 100 million active users. Only a small portion of theseusers have a MasterCard, but they tend to be among the mostaffluent buyers online.

MasterCard, alongside Visa, have been continuing to crack into thedomestic card market in China. The progress has been limited forthe most part. But with the WTO ruling in 2012 which stated Chinais treating foreign payment companies unfairly, things are startingto move again.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Banking ChannelsCompliance and RegulationCreditDebitFraud Risk and AnalyticsMobile PaymentsPoint of SalePrepaidSelf Service and Convenience

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Banking-as-a-service BaaS

    Remodeling Main Street: How Community Banks Can Leverage the Banking-as-a-Service Paradigm

    June 12, 2025
    How Employee Performance Enhances the Customer Experience

    Three Strategies to Maximize Loyalty in the AI-Driven World 

    June 11, 2025
    PFM tools

    How FIs Are Cutting Through Subscription Clutter with PFM Tools

    June 10, 2025
    child identity theft

    Stranger Danger: Protecting Your Children from Identity Theft

    June 9, 2025
    agentic commerce

    The Agentic Advent: How the Next Iteration of AI is Shaping Commerce

    June 6, 2025
    payments hub, digital banking

    All in One: How a Payments Hub Eliminates the Pain Points

    June 5, 2025
    Vertical SaaS

    From Underdogs to Industry Leaders: How Vertical SaaS Powers Mid-Sized Firms

    June 4, 2025
    credit card surcharging

    A Perfectly Understandable Bad Idea: Why Merchants Should Reconsider Surcharging

    June 3, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result