March 25, 2023

Castlow

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Tencent Financial Technologies rebrands introduces inbound remittances for Chinese nationals

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Tencent Financial Technologies, Tencent’s fintech arm, is delighted to introduce Tenpay Worldwide, a new global model for its cross-border payment company.&#13

It is also unveiling new inbound remittance capabilities to Weixin to facilitate effortless money transfers to China.

The Tenpay Worldwide manufacturer consolidates a suite of organization and client cross-border payment solutions and answers to provide diverse client segments, like e-commerce platforms, global corporate and individual buyers, as perfectly as customers searching for individual remittance services.

Tenpay World Remittance Companies is an innovative remittance resolution that allows international fintech establishments to join with Weixin’s open up ecosystem by leveraging simple APIs and strong worldwide fund procedure capabilities.

Competent Weixin consumers in the Chinese Mainland will now be capable to acquire remittances from abroad specifically to the equilibrium of their Weixin Wallet. This new characteristic builds on the present remittance support obtainable through Weixin-bundled financial institution card and is the hottest evolution in our commitment to guaranteeing more simple, far more effortless, reliable and compliant cross-border dollars transfers.

Tencent Financial Technological innovation has partnered with dozens² of primary worldwide remittance establishments about the past two years such as Intelligent and Remitly, supporting associates join Weixin users with global remittance consumers in above 50 countries and areas through a Weixin Mini Software identified as Weihuikuan.

To celebrate this new capacity, Tenpay World Remittance Providers is happy to offer you an incentive programme to reward users sending remittances to Weixin by way of our partners, together with E9Pay back, Debunk Remit, Panda Remit, Paysend, Remitly, WireBarley, and Smart.

Royal Chen, Vice President, Tencent Money Technology said: “The world-wide e-commerce market has formulated swiftly in current several years, with China’s cross border B2C export and import exceeding RMB2 trillion, prompting strong need for more rapidly, far more handy, and superior-high quality cross-border payment services. Our new Tenpay World-wide brand name represents an fascinating new enhancement for us in response to the industry and escalating demand from customers from shoppers. We will go on to leverage our encounters and strengths in know-how, threat control and compliance, as very well as our ecosystem, to create extra worth for our end users and associates and construct a a lot more inclusive financial ecosystem.”
Tenpay Global showcase at Singapore Fintech Pageant 2022
Tenpay World showcase at Singapore Fintech Pageant 2022

Notice:

¹Qualified Weixin customers refer to Chinese citizens with Nationwide ID playing cards who have done actual-name authentication by means of Weixin Spend and have authorised Weixin Wallet to receive funds.

²As of November 2022, Tenpay Worldwide Remittance Services’ world partners include things like Aleta World, Debunk Remit, E9Pay back, Omipay Global, OuiTrust, OTT Pay, Panda Remit, Paysend, PayForex, Remitly, Thunes, WapiPay World-wide, WireBarley, Sensible, SentBe.&#13