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Datasea Enters Into an Agreement with Zhejiang Kecai to Provide Smart Consumptive Payment Services

Datasea Enters Into an Agreement with Zhejiang Kecai to Provide Smart Consumptive Payment Services
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IT News Online - Datasea Enters Into an Agreement with Zhejiang Kecai to Provide Smart Consumptive Payment Services

Datasea Enters Into an Agreement with Zhejiang Kecai to Provide Smart Consumptive Payment Services
ACCESSWIRE
2020-12-18
NEW YORK, NY / ACCESSWIRE / December 18, 2020 / Datasea Inc. (NASDAQ:DTSS) ( Datasea ), a technology company engaged in providing smart security solutions, smart hardware and education- related technologies in China, announced today that it entered into an agreement to provide smart consumptive payment services with Zhejiang Kecai Technology Transformation Services Ltd. ( Zhejiang Kecai ).
Under the terms of the agreement, Datasea s smart consumptive payment services include providing hardware equipment, performing regular maintenance, and installing software and payment interfaces for Zhejiang Kecai in exchange for 0.25% of the value of transactions that utilize Datasea s consumptive payment services. According to the agreement, the annual transaction value projected by Zhejiang Kecai is RMB 250 million (approximately USD $38 million). ....

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