First Global Data announced that it has entered into a Definitive Agreement with China Smartpay to deliver cross border payment solutions for Chinese vacation travelers and students studying overseas. On September 26, 2017 the Company announced that it had entered into a binding MOU with China Smartpay. First Global's implementation team has also recently returned from Shanghai and is working closely with China Smart Pay to implement the solution. The service will allow WeChat users in China to travel to the United States, shop at a US retail location, and purchase goods using the funds on their WeChat mobile wallet. First Global, through its money transmitter licenses will ensure that each transaction complies with US regulatory guidelines. In addition, First Global will be responsible for retrieving the consumer funds from their mobile wallets and settling all transactions with the US based merchants. Merchants will pay First Global a percentage of the gross dollar value of the goods purchased, which is the existing model used for purchases made with credit cards today. First Global will share revenues with China Smartpay.