Tencent TenPay Global and Mastercard Sign MOU to Explore Cross-Border Payment Interoperability
TenPay Global, Tencent's cross-border payment platform, signed a memorandum of understanding with Mastercard at FinTech Week Hong Kong 2026 to explore cross-border payment interoperability and agent-based payments. The collaboration also aims to enable international visitors to pay via QR codes at merchants in mainland China and expand remittance channels into the WeChat ecosystem.
Tencent's TenPay Global and Mastercard Sign MOU to Explore Cross-Border Payment Interoperability
TenPay Global, Tencent's cross-border payment platform, signed a memorandum of understanding with Mastercard during Hong Kong FinTech Week 2026 to explore cross-border payment interoperability and agent-based payments.
The two parties plan to enable international visitors to make payments at QR code merchants in mainland China using their familiar digital wallets. They will also expand remittance channels into the WeChat ecosystem through Mastercard Move and explore AI agent-based payment solutions. From January to August 2026, the number of transactions via international digital wallets on Weixin Pay increased by 81.8% year-on-year.
Source: PR Newswire
