TenPay Global, Tencent’s cross-border payment platform, and Mastercard Move, Mastercard’s global money movement business, have announced a new collaboration that will enable fast, secure and transparent remittances directly to Weixin Pay in China. Using Mastercard Move’s worldwide money movement capabilities, eligible senders will be able to transfer salaries or family support straight to a recipient’s Weixin Pay wallet balance or linked bank account.
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According to World Bank data, personal remittances into China reached roughly US$31.41 billion in 2024. With increasing international travel, global commerce and overseas employment, demand for seamless cross-border money transfers continues to grow. By connecting Mastercard’s trusted global network with the extensive Weixin ecosystem, the partners aim to create an efficient and secure pathway for international transfers into mainland China.
Anouska Ladds, Executive Vice President of Commercial New Payment Flows at Mastercard, said the collaboration reflects Mastercard’s ongoing work to modernize payments across the Asia-Pacific region by embedding financial services into everyday life and empowering people and businesses across a digitally connected economy.
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Wenhui Yang, CEO of TenPay Global (Singapore), said the partnership will unlock new opportunities for users to send money home easily and securely, adding that this step supports the growing financial needs of a globally connected user base while ensuring funds reach recipients quickly on a platform they already trust.
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Mastercard Move currently reaches nearly 10 billion endpoints worldwide and this collaboration extends its reach to more than 1.4 billion Weixin and WeChat users. Mastercard Move’s money transfer capabilities cover over 200 countries and territories, 150+ currencies, and support access to more than 95% of the global banked population.
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