TenPay Global, Tencent’s cross-border payment platform, has partnered with Mastercard Move to introduce a new remittance capability allowing users worldwide to transfer funds directly into Weixin Pay Wallet Balances or linked bank cards, within China’s extensive Weixin ecosystem.
TenPay Global, part of Tencent, provides international payment solutions. Its infrastructure supports cross-border transactions that integrate seamlessly into widely used consumer platforms across Asia.
The newly launched capability leverages Mastercard Move, Mastercard’s suite of money movement solutions. Eligible users will now have the ability to send salaries, family support and other personal transfers to recipients in China through Weixin Pay, one of the country’s most widely adopted mobile payment services.
Additional enhancements include Mastercard Move’s extended reach, which now connects to over 1.4bn Weixin and WeChat users. Mastercard Move already connects to nearly 10bn endpoints globally, including bank accounts, cards, wallets and cash-out locations, supporting more than 200 countries and territories and over 150 currencies.
Mastercard executive vice president, commercial new payment flows, Asia Pacific, Anouska Ladds said, “Across Asia Pacific, digital wallets are already an integral part of everyday life. With this collaboration, recipients gain fast, secure and transparent access to funds right where they already pay. It’s exactly how we’re driving payments modernization across the region together with our partners: embedding financial services into everyday life, expanding access, and empowering people and organizations to thrive in today’s digitally connected economy.”
TenPay Global (Singapore) CEO Wenhui Yang said, “We are committed to helping users stay connected wherever they are. Together with Mastercard, we are unlocking new opportunities and greater convenience for people around the world to send money back home. This marks another step forward in supporting the growing money transfer needs of a globally connected user base, ensuring funds arrive swiftly and safely in an everyday platform they trust. We will continue to build solutions that foster cross-border connectivity and create meaningful value for both senders and recipients.”
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