BUZZ BEAT MEDIA

Source: PR Newswire · Tenpay Global · View original release

The partnership marks the first collaboration between the two companies in cross-border remittances, bringing more institutions and users onto remittance routes into Weixin

HONG KONG, Nov. 2, 2026 /PRNewswire/ — During Hong Kong FinTech Week 2026, TenPay Global, Tencent’s cross-border payment platform, and UnionPay International (UPI), a subsidiary of China UnionPay, have signed a memorandum of understanding (MOU) to collaborate on cross-border remittances, marking the first partnership between the two companies in this space.

In 2020, the G20 launched a roadmap to make cross-border payments faster, cheaper and more transparent by the end of 2027, with remittances a key focus. China-related cross-border remittances are an important part of that picture, supporting tens of millions of people whose lives span borders. Connecting more institutions to China is one way to make these remittances faster and more accessible.

Under the MOU, the two companies will jointly explore solutions to facilitate two-way remittances. TenPay Global’s cross-border remittance platform currently partners with more than 60 major international banks and remittance institutions, supporting remittances to China from over 150 countries and regions. The collaboration will extend this platform to UPI’s extensive global network of partner institutions and draw on UnionPay’s infrastructure to explore further opportunities for cooperation.

Remittances to Weixin are available 24/7 and can arrive within one minute. Behind the scenes, identity verification and compliance screening are completed in milliseconds, keeping every transfer secure without interrupting the user experience. Paying directly into wallets also significantly lowers last-mile costs.

“Our goal is to make sending money as simple as sending a message,” said Wenhui Yang, CEO of TenPay Global (Singapore). “No company can achieve that alone. Partnering with UnionPay International brings that experience to more overseas users through institutions they already rely on. We also look forward to working with UnionPay International to explore new possibilities for cross-border payments in the age of AI.”

“Through our UnionPay MoneyExpress solution, we partner with mainstream banks and remittance institutions globally to enable individuals to transfer funds directly to UnionPay cards,” said Xia Zhi, General Manager of the Innovative Products Department at UnionPay International. “This partnership with TenPay Global further extends our remittance services to the Weixin wallet, providing customers with a broader range of remittance options.”

About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, cross-border consumption, global collections and global acquiring. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance. Official website: TenPay Global

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay’s international business. In partnership with over 2,600 financial institutions across 183 countries and regions, UnionPay International has enabled a vast global acceptance network covering more than 110 million merchants and 1.8 million ATMs outside Chinese mainland, with UnionPay cards issued in 86 countries and regions globally.