MasterCard, JD.com announce strategic partnership

Mastercard (MA) and JD.com (JD) announced a strategic partnership to “deliver innovations that build a more connected, secure and intelligent commerce ecosystem.” Michael Miebach, CEO, Mastercard, said: “This is the natural next phase in our long-standing relationship with JD.com. 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.” The companies added: “JD.com and Mastercard will work together to further integrate and enhance global payment connectivity by developing a payment infrastructure to support JD.com’s international business development and enable broader use cases in global commerce. In addition, both parties will jointly explore a cross-border supply chain finance ecosystem designed to support global small and medium-sized businesses, improving access to financing and enabling more efficient participation in international trade.”