With 764 million internet users in the Asia-Pacific region and 1.8 billion internet users worldwide, e-commerce has become one of the world’s most significant trading channels. The APMEA region is the most active for MasterCard with an intense usage of the latter’s payment processing platform, the same source points out. MasterCard’s payments gateway processes Card-Not-Present (CNP) transactions, including e-commerce, m-commerce, telephone and mail order transactions as well as electronic bill payments.
Recently, MasterCard has signed an agreement to acquire European payment services provider DataCash Group for GBP 333 million, in a bid to drive the growth of its e-commerce business in both existing and new markets.
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