Tencent Economic Engineering, Tencent’s fintech arm, is introducing Tenpay Global, a new intercontinental brand for its cross-border payment company.
The Tenpay World model consolidates a suite of business enterprise and consumer cross-border payment goods and methods to serve distinctive consumer segments.
Tenpay Global Remittance Expert services is launching new abilities to enable certified Weixin users¹ in the Chinese Mainland to obtain worldwide remittances to their Weixin Wallet.
This new features supplies an less difficult, far more practical, and seamless option for our intercontinental companions to enable their customers in over 50 nations around the world and areas to transfer salaries and family remittances to capable Weixin users in the Chinese Mainland.
HONG KONG, Nov. 30, 2022 /PRNewswire/ — Tencent Monetary Technologies, Tencent’s fintech arm, is delighted to introduce Tenpay Global, a new international model for its cross-border payment business. It is also unveiling new inbound remittance capabilities to Weixin to facilitate quick revenue transfers to China.
The Tenpay World manufacturer consolidates a suite of business and customer cross-border payment solutions and methods to provide distinctive consumer segments, together with e-commerce platforms, world wide company and individual consumers, as well as consumers trying to find private remittance services.
Tenpay World Remittance Expert services is an impressive remittance resolution that enables world wide fintech institutions to hook up with Weixin’s open up ecosystem by leveraging straightforward APIs and effective world-wide fund course of action capabilities.
Experienced Weixin users in the Chinese Mainland will now be in a position to receive remittances from overseas instantly to the balance of their Weixin Wallet. This new characteristic builds on the existing remittance assistance out there through Weixin–bundled financial institution card and is the latest evolution in our dedication to ensuring less difficult, extra convenient, trustworthy and compliant cross-border income transfers.
Tencent Fiscal Know-how has partnered with dozens² of foremost global remittance establishments about the earlier two yrs which includes Smart and Remitly, encouraging partners join Weixin people with intercontinental remittance buyers in above 50 nations around the world and areas by means of a Weixin Mini Method identified as Weihuikuan.
To rejoice this new capacity, Tenpay Global Remittance Services is delighted to provide an incentive programme to reward consumers sending remittances to Weixin by means of our companions, like E9Pay out, Debunk Remit, Panda Remit, Paysend, Remitly, WireBarley, and Sensible.
Royal Chen, Vice President, Tencent Fiscal Technology explained: “The world e-commerce industry has formulated swiftly in latest yrs, with China’s cross border B2C export and import exceeding RMB2 trillion, prompting robust need for more quickly, a lot more handy, and large-high quality cross-border payment services. Our new Tenpay Worldwide model represents an enjoyable new enhancement for us in reaction to the current market and developing demand from customers from consumers. We will go on to leverage our encounters and strengths in technological innovation, chance regulate and compliance, as very well as our ecosystem, to build a lot more price for our customers and companions and create a far more inclusive fiscal ecosystem.”
¹Qualified Weixin buyers refer to Chinese citizens with Nationwide ID playing cards who have accomplished actual-name authentication by means of Weixin Pay out and have authorised Weixin Wallet to obtain funds.
²As of November 2022, Tenpay Worldwide Remittance Services’ world companions include Aleta World, Debunk Remit, E9Spend, Omipay Worldwide, OuiTrust, OTT Pay out, Panda Remit, Paysend, PayForex, Remitly, Thunes, WapiPay World wide, WireBarley, Clever, SentBe.
Founded in 1998 with its headquarters in Shenzhen, China, Tencent’s guiding theory is to use engineering for superior. Our interaction and social expert services connect far more than one particular billion people today close to the earth, serving to them to hold in contact with mates and family members, access transportation, pay out for day-to-day necessities, and even be entertained. Tencent also features a variety of services this sort of as cloud computing, marketing, FinTech, and other business products and services to aid our clients’ digital transformation and business enterprise advancement.
About Tencent Financial Technology
As Tencent’s fintech arm, Tencent Money Technology follows the theory of operation in compliance with regulation, supplying substantial-quality solutions and providers, continual hazard management, openness and undertaking business for superior. It is committed to connecting customers with monetary providers and constructing an open up ecosystem with a variety of associates.
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Lydia Guo, Director, World-wide Communications, Tencent
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