First Global Data Limited announced that First Global Money Inc. (collectively "First Global" or the "Company") has entered into an agreement with Tenpay Payment Technology Co. Ltd, a subsidiary of Tencent Holdings (collectively "Tencent"). As part of this "Cross Border Payment Acquiring Service Agreement", First Global will work closely with Tencent to expand merchant processing and settlement services in the USA. The service will enable existing WeChat users to make payments from their WeChat mobile wallet at retailers and merchants located in the USA. In China, mobile wallets are the predominant method used for payments. WeChat users load local Chinese funds ("RMB") into their WeChat mobile wallets and make payments across China using WeChat Pay. WeChat Pay is one of the leading payment services widely accepted. The service provided under this agreement will enable WeChat users to travel to the USA and make purchases at retailers and merchants seamlessly. First Global, working together with Tencent will facilitate the conversion from RMB to US dollars and the settlement of payments with the retailers and merchants in the USA. First Global announced on January 16, 2018 that it entered into a definitive agreement with China Smartpay. China Smartpay works closely with Tencent for the processing of WeChat Pay transactions in China. The companies will work together to ensure that all requisite compliance controls are in place and regulatory guidelines are followed in both countries. The companies will also share transactional revenues.