TenPay Global, Tencent’s cross-border payment platform, is expanding its integration of international wallets with Weixin Pay through China’s Cross-Border Interconnection Payment Gateway (CPG). This move allows users from over 40 wallets in more than 10 countries to connect with tens of millions of merchants across the Chinese mainland.
The CPG, approved by the People’s Bank of China, facilitates cross-border QR payment collaborations by providing a unified technical interface and transaction monitoring. As a designated inaugural foreign institution partner of CPG, TenPay Global enables international visitors to make payments in China using their home wallets by simply scanning a Weixin Pay QR code or presenting their own wallet QR code.
Several digital wallets, including Singapore’s DBS PayLah, Southeast Asia’s GrabPay, and the US’s PayPal and Venmo, have already been integrated. Digital banking platforms like Bank of China Singapore and Laos’s BCEL One App are also part of this initiative. Wenhui Yang, CEO of TenPay Global, stated, “By seamlessly connecting international wallets with the Weixin Pay ecosystem, we are building a more open and inclusive global payments network.”
This integration aims to enhance global connectivity and facilitate easier transactions for international visitors, allowing them to enjoy seamless payments without needing to download WeChat or complete additional setup. The initiative marks a significant step in promoting cross-border financial exchanges and improving the travel experience for global users.
