Amex partners China's Tencent on e-payments
28 September 2011 | 6294 views | 0
American Express is teaming with Chinese Internet giant Tencent Holdings on cross-border online payments.
The deal will enable users of Tencent's e-payments service to make purchases outside of China, according to press reports.
The agreement will help Tencent expand its scope beyond its core business of online gaming and social networking while Amex will gain a foothold in the fast-growing Chinese market.