DBS Bank and TenPay Global, Tencent’s cross-border payment platform, have introduced a new service that enables DBS customers to send money instantly to Weixin Pay, the digital wallet within Weixin/WeChat. This service connects users to more than a billion people on the Weixin and WeChat platforms. Customers using DBS Remit through the DBS digibank app can transfer funds directly to a recipient’s Weixin Pay Wallet Balance or to bank cards linked with Weixin Pay. The transfers are processed at no cost.
The initiative is part of a broader partnership between DBS and TenPay Global aimed at providing seamless and secure cross-border payments within the Tencent ecosystem. Recipients receive near-instant credit in their Weixin Pay wallets, allowing immediate use for transfers, top-ups, or everyday spending through the app.
DBS is now the first regional bank to establish a direct connection with Weixin Pay for cross-border transactions from multiple markets. By leveraging both the reach of the Weixin ecosystem and DBS’s banking network, this collaboration aims to make it easier for customers to send money to mainland China. TenPay Global currently facilitates remittances from over 100 countries and regions into Weixin Pay.
To send money via this new service, users must access “Overseas Transfer” in digibank, add a recipient by entering their registered phone number and address along with relationship details, then wait for a 12-hour cooling period before making an initial payment. Afterward, they can select the recipient again and enter the amount and purpose of payment; funds will be sent instantly.
DBS and TenPay Global are also working together on linking DBS PayLah! with Weixin Pay. This integration will allow more than three million DBS PayLah! users to pay by scanning or presenting QR codes at millions of merchants across mainland China. The move is expected to increase acceptance options for travelers and business users.
At the Singapore FinTech Festival 2025, Tan Su Shan, Group CEO of DBS, and Forest Lin, Corporate Vice President of Tencent and Head of Tencent Financial Technology, signed a memorandum of understanding (MOU) aimed at improving mutual cross-border payment connectivity.
Sanjoy Sen, Group Head of DBS Consumer Bank said: “We’ve been seeing consistent double-digit year-on-year growth in DBS Remit funds sent to China, reflecting the strength of cross-border ties between Singapore and the Chinese mainland. The launch of this service is timely with Chinese New Year approaching. During this festive season, we typically see around a 30% increase in remittances to China. Through our partnership with TenPay Global, we’re glad to be able to offer customers a trusted, seamless way to move money instantly and with confidence, at scale and with zero fees.”
Wenhui Yang, CEO of TenPay Global (Singapore), stated: “Our partnership with DBS represents a meaningful step in advancing cross-border payment connectivity. By connecting Weixin Pay with DBS’ trusted banking and payment platforms, we are delivering compliant and user-centric cross-border solutions that simplify how money moves and how payments are made across borders. This partnership reflects our shared ambition to unlock new possibilities for economic exchange and to support secure, everyday digital payment experiences in an increasingly connected world.”
More information about this service can be found at go.dbs.com/sg-Weixin.
