Chinese internet titan Tencent Holdings Ltd. (00700.HK) signed a memorandum of understanding (MOU) with Jeju Special Self-Governing Province in the Republic of Korea (ROK) on Monday to promote WeChat payment.
Tencent said the cooperation will accelerate the digital upgrading of local industries and enhance the experience of Chinese tourists in Jeju.
According to the agreement, Tencent will also counsel Jeju Province on its smart city construction and enhance the local capacity in digital construction by promoting local IT enterprises to participate in the digital construction.
Up to now, WeChat payment cross-border service has been available in 49 countries and regions including the ROK, and supports direct transactions by more than 16 currencies.
Tencent said the cooperation will accelerate the digital upgrading of local industries and enhance the experience of Chinese tourists in Jeju.
According to the agreement, Tencent will also counsel Jeju Province on its smart city construction and enhance the local capacity in digital construction by promoting local IT enterprises to participate in the digital construction.
Up to now, WeChat payment cross-border service has been available in 49 countries and regions including the ROK, and supports direct transactions by more than 16 currencies.
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