Starting from March 2010, Taiwantrade--Taiwan's
national e-commerce trade portal--will collaborate with PayPal, the largest
international online payment provider, to offer online electronic transaction
service to Taiwantrade's domestic paid members. Overseas buyers will be able to
purchase sample products from the Taiwanese suppliers through PayPal payment
system.
A business-to-business online trade platform and
operated by Taiwan's biggest trade promotion organization--Taiwan External
Trade Development Council, Taiwantrade carries the most abundant amount of
sourcing information on Taiwan's local suppliers. It is anticipated that
beginning from March after the PayPal online payment system is introduced,
overseas buyers can directly select the sample products displayed by the
Taiwanese manufacturers on Taiwantrade and make transnational payments online.
At the same time, PayPal will provide complete online order tracking and
complaint functions, allowing parties in disagreement a window to resolve their
disputes.
PayPal is a leader in international online payment
systems, offering a variety of payment methods for buyers to choose, such as
credit card, debit card and bank account transfer, which is currently being
used in 190 markets and 24 currencies around the world. PayPal's collaboration
with Taiwantrade has successfully opened the company's door to the Taiwan
market and is strongly supported by the Taiwan government. The alliance is
predicted to bring a 14% growth in sales value for Taiwan's small and medium
enterprises.
Keywords: Asia, Data Management, Finance, Internet,
Networks, Professional Services, Software, Taiwan, Technology, Taiwantrade.
This
article was prepared by Asia Business Newsweekly editors from staff and other
reports.
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