As a result of the agreement, online buyers in the above-mentioned regions will be able to pay for their purchases on Alibabas e-commerce site Taobao.com via MasterCard-branded credit cards. Alipay also supports Visa cards in Hong Kong, Macao and Taiwan, where Visa card users generate trading volume of nearly CNY 1 million daily, the same source indicates. Alipay will receive almost USD 732 million investment over the next five years from its parent company to develop its e-trading.
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