TenPay Global, Tencent’s cross-border payment platform, and Mastercard Move, the money movement business of Mastercard, have announced a new collaboration to allow digital remittances directly to Weixin Pay in China. The partnership aims to provide fast, secure, and transparent transfers for users sending salaries or family support from around the world to Weixin Pay Wallet Balance or linked bank cards.
The World Bank reports that personal remittances received by China reached approximately US$31.41 billion in 2024. As international travel, global commerce, and overseas employment increase, there is growing demand for efficient cross-border money transfer solutions. By combining Mastercard Move’s global network with Weixin’s large user base in China, the companies seek to create a seamless channel for international money movement 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 at Mastercard.
“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,” said Wenhui Yang, CEO of TenPay Global (Singapore).
Mastercard Move currently connects nearly 10 billion endpoints worldwide including bank accounts, card networks, wallets, and cash payout locations. This agreement extends its reach further by providing access to more than 1.4 billion users on Weixin and WeChat platforms.
Mastercard Move offers direct disbursement solutions for banks and non-bank financial institutions in over 200 countries and territories with support for more than 150 currencies.
