More steps on China e-commerce

China Stock Blog reports on another move towards facilitating e-commerce in the PRC:

Global Payments (ticker: GPN) which processes electronic transactions for merchants, multinational corporations, financial institutions, consumers, government agencies, and other profit and nonprofit business enterprises reached agreement with HSBC (ticker: HBC) that will give them access to the debit and credit card markets of Mainland China and India.

We have been following this trend this month here, here and here. Once the fluff settles from the crazier deals being done, the facilitation of real commerce online in China could be the most important B2B and general business trend we see emerging there in the next 2 - 3 years.