Tencent to cooperate with American Express for online payments

Reuters News
Posted: Sep 27, 2011 10:44 PM

HONG KONG (Reuters) - China's largest Internet company Tencent Holdings Ltd plans to cooperate with American Express Co to provide cross-border online payments, a source said in Wednesday, as the country's electronic commerce sector grows rapidly.

Under the agreement, Tencent users will be able to shop on U.S. and British websites and make online payments, the source said.

(Reporting by Huang Yuntao; Writing by Lee Chyen Yee; Editing by Chris Lewis)