Alibaba.com Launches Trade Assurance in India to Boost SME Confidence

Alibaba.com has launched its Trade Assurance service in India to help SMEs with international transactions. This service offers protection for both buyers and suppliers, aiming to enhance trust and efficiency in global trade. Thus, it opens new business avenues for Indian suppliers on this B2B platform.

Alibaba.com, a leader in global B2B e-commerce, has launched its Trade Assurance service in India. This move is designed to improve international trading experiences for Indian SMEs, providing them with security, efficiency, and confidence in transactions. The launch coincides with World MSME Day, highlighting Alibaba.com's commitment to global SME support.

The Trade Assurance service mitigates common trade challenges such as costs and product quality concerns by offering order protection. Payments made by buyers are securely held in escrow by Alibaba.com until orders are satisfactorily received, ensuring smooth business operations for service-participating suppliers.

According to Rocky Lu, Head of India at Alibaba.com, this service leverages India's robust production and diverse product range to attract global buyers. It aims to foster trust and streamline transactions, contributing to Indian suppliers' growth in the competitive global market.

(With inputs from agencies.)