On October 29, Tencent and Visa announced that they had signed a Memorandum of Cooperation. The memorandum established a comprehensive framework for cooperation between the two sides in the fields of cross-border payments, smart commerce, enterprise-level AI, and supporting the global expansion of enterprises. Tencent and Visa plan to jointly explore next-generation smart payments, including studying how to use Visa smart commerce to enable AI agents to help eligible users discover, select, and purchase products or services. The two sides will also cooperate in fields such as developer smart payment experiences and emerging AI native business models.

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