China's Alibaba.com in deal with Western Union for AliExpress payments

SHANGHAI, July 14 Thu Jul 14, 2011 1:07am EDT

SHANGHAI, July 14 (Reuters) - Chinese e-commerce company Alibaba.com Ltd said on Thursday that it has signed an agreement with payment provider Western Union for its AliExpress wholesale platform.

Alibaba.com ended its partnership with PayPal, the online payment unit of Ebay Inc , last month after PayPal wanted to increase transactions for certain accounts.

Under the deal with Western Union, users buying items on AliExpress will be allowed to make cash payments through Western Union Agent locations in more than 160 countries.

Alibaba.com is a unit of Alibaba Group, which is about 40 percent owned by Yahoo Inc . (Reporting by Melanie Lee; Editing by Chris Lewis)

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