Under the terms of the deal, the two companies will collaborate on mobile marketplace, application services, 3G mobile e-commerce, multi-channel payment, logistics and payment instrument confirmation.
In October 2009, the Chinese internet company Tencents Tenpay division won a contract from China Unicom to become its third party online payment service provider. China UnionPay operates as a bankcard association, serving industry and commerce, taxation, transportation, tobacco, water, electricity, coal, gas, communications, securities, funds, insurances, aviation and lottery markets.
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