TenPay Global and Mastercard Team Up to Supercharge Remittances to Weixin Pay!

In our increasingly interconnected world, sending money across borders should be as easy and secure as sending a text message. That vision is becoming a reality thanks to a groundbreaking collaboration between TenPay Global, Tencent’s cross-border payment platform, and Mastercard Move, Mastercard’s dedicated money movement business.

These two powerhouses have announced a strategic partnership set to transform how individuals send digital remittances directly to Weixin Pay, a leading mobile payment service within China’s vast Weixin ecosystem. This means eligible senders from virtually anywhere in the world will soon be able to send salaries, family support, and more directly to a recipient’s Weixin Pay Wallet Balance or their linked bank cards within Weixin Pay.

Why This Collaboration is a Game-Changer

The demand for fast, secure, and convenient cross-border money transfers has never been higher. The World Bank reported that personal remittances to China alone reached approximately US $31.41 billion in 2024. With global travel, commerce, and overseas employment on a steady rise, the need for efficient pathways for funds to reach loved ones back home is paramount.

This partnership bridges Mastercard Move’s trusted global network and innovative money movement capabilities with Weixin’s extensive user base and ecosystem, creating an incredibly seamless channel for international funds to flow into mainland China.

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

Imagine the convenience: no more long waits, complicated forms, or hidden fees. Funds arrive swiftly and safely into an everyday platform that millions of Chinese citizens already trust and use daily.

“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,” added Wenhui Yang, CEO of TenPay Global (Singapore).

Expanding Global Reach and Convenience

Mastercard Move boasts an impressive reach of nearly 10 billion endpoints worldwide, encompassing bank accounts, cards, digital wallets, and cash payout locations. This new collaboration extends that formidable network to over 1.4 billion Weixin and WeChat users, providing senders and recipients with unparalleled choice and convenience.

Whether you’re a direct disburser, a bank, a non-bank financial institution, or an individual, Mastercard Move offers fast, secure money transfer solutions across more than 200 countries and territories, in over 150 currencies, reaching access to more than 95% of the world’s banked population.

This partnership between TenPay Global and Mastercard is more than just a collaboration; it’s a significant leap forward in making global remittances simpler, faster, and more accessible for everyone. It underscores a shared commitment to innovation and financial inclusion, truly empowering a globally connected user base.

Source: Original Article