According to the B2Bmarket blog, China's Alibaba.com Ltd. plans to team up with HSBC Holdings plc and Citibank A.S. and will expand its Alipay online payment service internationally.
"The company will allow account holders of the two global lenders to pay and transfer funds online via Alipay platform. It is also reported earlier that the Hangzhou-based company plans to cooperate with MasterCard Incorporated and Visa Inc to launch an internationalized Alipay settlement platform."
In China, Alibaba offers escrow services on its auction platforms, something it may be considering offering on its U.S. B2B platform to help retailers feel more secure in purchasing from international suppliers.
As AuctionBytes reported on Thursday, Alibaba.com is focusing on branding its B2B ecommerce service in the U.S., with new services rolling out later in the summer.
You may quote up to 50 words of any article on the condition that you attribute the article to
EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com. All other use is prohibited.
Have a question about buying or selling online? Want to get marketing or technical advice? AuctionBytes Discussion Forums are the place to come to get answers to your questions and get advice! Great tips - a refreshing change!
