Visa’s CyberSource Decision Manager will help to improve the fraud detection and web safety of DHgate’s payment systems.
As One of China’s largest B2B (business to business) online platform, the need for reliable fraud management is essential. This is specifically true with the forecast of future B2B e-commerce growth in China. ZD Net reported last month that by 2015 the government is planning to make 18 trillion yuan (US$2.8 trillion) in e-commerce transactions with B2B being the majority portion: 15 trillion yuan (US$2.4 trillion).
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DHgate intends to expand its global reach with improved security and swifter payment processing.
And according to Poon Khye Wei, Regional Director, Greater China and Korea, CyberSource, “We are glad that our partnership with DHgate helps it to enhance and optimize its fraud management capabilities as it pursues its international expansion strategy.”