DHgate is first merchant in China to implement MasterPass
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Beijing, 19 August, 2014– MasterCard announced that DHgate, a world-leading B2B e-commerce platform, has integrated and deployed MasterPass, its global digital service, to enable a simplified online payment experience for its customers in China. DHgate is the first merchant in China to go live with MasterPass. Working alongside MasterCard, DHGate will enable small and medium enterprises (SMEs) to strengthen their cross-border ecommerce business.
Launched in February 2013, MasterPass is currently accepted by over 40,000 merchants in ten markets including China, as well as Australia, Canada, Italy, New Zealand, Poland, Singapore, South Africa, United Kingdom and United States. China Construction Bank commenced use of MasterPass in March, becoming the first issuer in China and Asia to implement MasterPass with its digital wallet, LongPass.
Dennis Chang, Head of China, MasterCard said, “With more cross-border e-commerce activities undertaken by SMEs in China, MasterPass provides an innovative payment solution with just a few clicks to facilitate secure and convenient transactions. We are pleased to be working with DHgate to support SMEs in cross-border e-commerce business development.”
Shen Hao, Vice President, DHgate said, “DHgate is committed to creating an online ‘silk road’ for the new era, developing overseas channels for Chinese SMEs and bringing Chinese products to the world. As a globally renowned international technology company, MasterCard has made great contributions to cross-border payments. In December 2013, DHgate and MasterCard became strategic partners, expediting seamless payment solutions for Chinese SMEs and creating convenience for clients all around the globe to source for Chinese products. MasterPass is a ground-breaking development in cross-border payments, enabling safer, more convenient online transactions, and sustaining Chinese SMEs activities around the world.”
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
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