TenPay, Mastercard enable direct remittances to Weixin Pay

TenPay Global is Tencent’s cross-border payment platform, and Weixin Pay is a widely used mobile payment service

TenPay Global and Mastercard have formed a partnership that enables fast and secure remittances to Weixin Pay.

This move lets eligible users abroad send salaries or family support to a recipient’s Weixin Pay Wallet Balance or linked bank card through Mastercard Move.

TenPay Global is Tencent’s cross-border payment platform, and Weixin Pay is a widely used mobile payment service in China.

China received about $31.41 billion in personal remittances in 2024, according to the World Bank.

Cross-border transfer needs continue to grow as more people work, study and travel overseas and as global commerce expands.

The collaboration links Mastercard Move’s global network with the Weixin ecosystem to support money flows into the Chinese Mainland.

Mastercard Move reaches nearly 10 billion endpoints, including bank accounts, cards, wallets and cash-out locations.

It spans more than 200 countries and territories, supports over 150 currencies and covers more than 95% of the world’s banked population.

Extending connectivity to more than 1.4 billion Weixin and WeChat users broadens available options for senders and recipients.

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, said Anouska Ladds, Executive Vice President, Commercial New Payment Flows, Asia Pacific, Mastercard.

It’s exactly how we’re driving payments modernisation across the region together with our partners: embedding financial services into everyday life, expanding access, and empowering people and organisations to thrive in today’s digitally connected economy, she added.

Wenhui Yang, CEO of TenPay Global (Singapore), 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.