China’s UnionPay has signed an agreement with locally-based e-commerce firm DHgate on cooperation in cross-border online business.
Under the agreement, DHgate will enable its B2B platform, known as DHgate.com, to accept UnionPay cards.
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The agreement covers various matters including DHgate.com will accept UnionPay cards issued both at home and abroad; overseas merchants and individuals can make transaction through UnionPay Online Payment; the point-of-sale terminals of DHgate’s overseas locations will accept UnionPay cards; and the two firms will discuss issuing co-branded UnionPay cards in overseas markets.
UnionPay said in a statement that DHgate deploys over 1.2 million domestic suppliers, 40 million kinds of commodities and approximately 10 million clients, with business covering 224 countries and regions globally.
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By GlobalData
