Alibaba and MasterCard sign MoU for collaboration in E-Commerce

CHINA: MasterCard, via its statement announced that it has signed a Memorandum of Understanding (MoU) with Alibaba Group to explore future collaboration in enhancing E-Commerce industry within and outside China.

Under the MoU, both parties agreed to jointly address issues of common interests, including a strong mutual commitment to help combat intellectual property infringement and committed to cooperate on innovation including cross-border payments, acceptance, security and risk management, the MasterCard digital service – MasterPass and Alibaba’s platform – AliExpress and Alipay.