Alibaba unit teams up with Mastercard, Cardless
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- Alibaba.com, a B2B e-commerce platform and a unit of Alibaba Group Holding (NYSE:BABA), has partnered with payment processors Mastercard (NYSE:MA) and Cardless.
- The partnership aims to offer a credit card that rewards businesses for cross-border and domestic sourcing purchases.
- The Alibaba.com Business Edge Credit Card is set to be available for application later this year.
- Source: Press Release