[Photo provided to chinadaily.com.cn]
Mastercard, a leading US-based payment technology company, and Chinese e-commerce giant JD.com signed a strategic cooperation agreement in Beijing on Friday aimed at driving innovation and building a more connected, secure, and intelligent commercial ecosystem.
The two companies will further integrate and enhance global payment connectivity by developing a payment infrastructure to support JD.com's international business expansion and broaden application scenarios in global commerce, according to the agreement.
Both parties will also jointly explore a cross-border supply chain finance ecosystem to support global small and medium-sized businesses, improve access to financing, and enable enterprises to participate in international trade more efficiently.
"This is the natural next phase in our long-standing relationship with JD.com," Michael Miebach, CEO of Mastercard, said. "Our shared creativity, deep experience, and cutting-edge technology will provide people and businesses with the seamless and secure solutions they're looking for, all while making everyday activities easier and more rewarding. Mastercard will continue to be a bridge between China and the world."
