Alibaba Group, the largest e-Commerce company in China, has signed a Memorandum of Understanding (MOU) with MasterCard.
The MOU states the two companies will explore future collaboration in the area of e-Commerce. Alibaba Group and MasterCard aim to build an enhanced e-Commerce environment for consumers and small businesses within China and outside of it.
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Both parties will be cooperating on introducing cross-border payments, acceptance, security and risk management as well as working with MasterPass.
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