MEA October 2017

MEAMARKETS / October 2017 29 The Global Mobile Payment Market is on the Rise g customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal. The agreement will take effect immediately, with new experiences available to Bank of America customers in the first half of 2018 that will make it even easier for them to shop how, where and when they choose by leveraging the power and convenience of PayPal’s platform. Square, Inc. creates tools that help sellers start, run, and grow their businesses. The company enables sellers to accept card payments and also provides reporting and analytics, next- day settlement, and chargeback protection. On September 28, 2017, the company announced a strategic partnership with Eventbrite, in which Square will drive Eventbrite’s payments systems, including online, mobile, and in-person transactions. Additionally, to support Eventbrite’s vision to power the world’s largest platform for live experiences, Square has invested $25 million in the company. Eventbrite is the world’s leading event technology platform. The company has processed more than $8 billion in gross ticket sales since inception and powers nearly three million events each year. Tencent Holding Ltd. provides social platforms and digital content services under the “Connection” Strategy. Tencent’s leading Internet platforms in China - QQ (Instant Messenger), Weixin/WeChat, QQ.com, QQ Games, Qzone, and Tenpay - have brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, financial services and others. Tenpay, an integrated payment platform launched by Tencent to meet the needs of its 1.1 billion QQ users, has grown into one of China’s leading online payment platform. Tenpay commits to provide airlines, logistics, insurance, games, B2C business and other industries with professional and secure online payment solutions. The company’s products include both Tenpay Online Payment & PC WeChat Payment