Tenpay
TenPay Global is Tencent's cross-border payment platform connecting 200+ global partners and 1 billion+ Weixin users across 60+ countries for remittances, consumption, global payment collection, and acquiring services.
- Company typePrivate
- Founded2005
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Tenpay does
TenPay Global is Tencent's cross-border payment platform, operated by a network of Tencent-licensed financial institutions and headquartered in Shenzhen with operational entities in Hong Kong and Singapore. Founded in 2005, the company delivers end-to-end payment solutions across four service lines: WeRemit Individual (cross-border remittance), Cross-Border Consumption (international visitors paying in China), Global Payment Collection (corporate cross-border settlement), and Global Acquiring (TenPay Global Checkout for Weixin Mini Program merchants). The platform is architecturally embedded in the Weixin/WeChat ecosystem, delivering funds directly into WeChat chat with no additional app download and leveraging AI-assisted exchange rate decision-making for real-time FX. Its technology stack includes KYC/AML compliance, RSA encryption, PCI DSS certification, and hot-deployment capability for new payment methods.
The business operates a B2B2C model with a 200+ partner network spanning global banks (DBS, MariBank, Eldik Bank), remittance companies (Western Union, PayPal/Xoom, Ria, TerraPay), and card networks (Visa Direct, Mastercard), alongside a direct business onboarding channel via the Weixin Mini Program Open Platform. Revenue is generated transactionally through FX spreads, remittance fees, and acquiring commissions across 60+ countries. Customers include overseas Chinese for remittances, foreign visitors to China for consumption, and global businesses/merchants for collection and acquiring. The platform also covers 1,000+ universities for overseas tuition payments.
TenPay Global is a wholly-owned subsidiary of Tencent Holdings Limited, with no independent funding rounds or public financials. It does not disclose pricing, revenue, headcount, or leadership publicly. Strategic momentum is reflected in accelerated partnership signings (2023-2026), two recent product launches (TenPay Global Checkout in November 2025 and Remit to China for Non-Chinese Citizens in June 2026), geographic expansion into Central Asia, and recognition on CNBC's World's Top Fintech Companies 2026 list and as Asia Fintech Awards 2023 FinTech of the Year.
Tenpay firmographics
Firmographics- Name
- Tenpay
- Legal name
- 财付通支付科技有限公司
- Website
- https://tenpayglobal.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- TenPay Global is Tencent's cross-border payment platform connecting 200+ global partners and 1 billion+ Weixin users across 60+ countries for remittances, consumption, global payment collection, and acquiring services.
- Ownership category
- akta.pro rank
Tenpay industry classification
Industry- Product category
- Cross-Border Payments
- akta.pro primary industry
- Cross-Border & FX Payments Platforms (BPAMAFAK)
- akta.pro secondary industries
- Consumer P2P International Remittances (FSAGAKAA), Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD), Cross-Border Collections & Local Receiving (Pay-ins) (FSAMAIAI), Cross-border Payments & FX for E-commerce (CRAFALAF)
Keywords
Where Tenpay is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Tenpay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Cross-Border Remittance Services: Transaction fees from facilitating cross-border fund transfers, connecting global remittance institutions to Weixin/WeChat users in China. Revenue generated from currency exchange spreads and transaction fees on remittances from over 60 countries to China.
- Cross-Border Consumption Services: Fees from enabling international visitors to pay via Weixin Pay using international cards (外卡内绑) or foreign e-wallets (外包内用) in China.
- Global Payment Collection for Businesses: Provides businesses with cross-border payment collection solutions. Merchants can receive funds in seconds to domestic accounts with flexible withdrawal options and competitive exchange rates.
- Global Acquiring Services: Commission-based fees from enabling Weixin Mini Program merchants to accept local and international payment methods globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based / Not publicly disclosed |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Tenpay product offering
Product offeringCore offering
TenPay Global is Tencent's cross-border payment platform that connects the Weixin/WeChat ecosystem with global financial institutions, payment networks, and remittance operators. It offers end-to-end licensed payment solutions across cross-border remittance (from 60+ countries to China via Weixin chat), cross-border consumption (linking international cards and foreign e-wallets to Weixin Pay for use in mainland China), global payment collection for businesses operating across 200+ countries, and global acquiring for Weixin Mini Program merchants to accept local payment methods abroad.
Product overview
TenPay Global is Tencent's cross-border payment platform, comprising a network of licensed financial institutions under Tencent. The platform operates as a unified ecosystem connecting the Weixin ecosystem with global payment partners and international users, providing end-to-end payment solutions across four main service lines: (1) WeRemit Individual for cross-border remittance for individual users, (2) Global Payment Collection for merchant收款 services, (3) Global Acquiring for merchants to accept local payments, and (4) Cross-Border Consumption enabling international visitors to use Weixin Pay in mainland China. The platform leverages AI-powered exchange rate analysis and connects 200+ strategic partners to serve 1 billion+ global users across 20 years of industry experience.
Differentiator
Problem solved
Functional benefit
Products and services
- WeRemit Individual (Cross-Border Remittance) Cross-border remittance service for individual users enabling global remittance, collection, and overseas tuition payments directly within Weixin chat. Supports transfers from over 60 countries and regions to mainland China with funds receivable in as fast as 1 minute, secure compliant account management, and 24/7 availability.
- Cross-Border Consumption (International Card Binding & Foreign Wallet Acceptance) Cross-border consumption service enabling international visitors to use Weixin Pay at tens of millions of mainland merchants. Supports binding 7 major international card schemes to Weixin Pay and scanning foreign e-wallets at point of sale, with real-time settlement for major currencies.
- Global Payment Collection Global payment collection solution for businesses worldwide, with funds receivable in seconds to domestic accounts, global payment capabilities to 200+ countries/regions, competitive exchange rates via international banking partnerships, and one-stop cross-border services for import/export e-commerce, airlines, online travel, remittance services, and overseas education (tuition to 1,000+ universities).
- Global Acquiring (TenPay Global Checkout) Global acquiring solution for overseas Weixin Mini Program merchants, integrating multiple local mainstream payment methods to accept online payments from local consumers via the Weixin Mini Program Open Platform. Features one-click integration for multiple payment methods, native in-Mini-Program checkout experience, and secure compliant transactions through licensed partners.
Quantifiable outcome
- Funds transferred in as fast as 1 minute for both sending and receiving
- +4 more outcomes
Companies that use Tenpay
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Tenpay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature6 records
Tenpay partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor, flagship and core.
- Eldik Bank (Kyrgyzstan)minorTencent partnered with Kyrgyzstan's Eldik Bank to further expand cross-border payment network in Central Asia, extending payment connectivity to a new region.
- DBS BankflagshipDBS Bank and TenPay Global launched a new cross-border service enabling DBS customers to send money instantly and securely to Weixin Pay (digital RMB wallet within WeChat) from over 100 countries via DBS digibank app. This is a strategic partnership to enhance cross-border payments via Tencent's ecosystem, with DBS customers connecting to over a billion Weixin users.
- MariBankcoreMariBank partnered with TenPay Global to offer MariBank users fast and secure remittances to Weixin Pay, enabling Singapore-based users to send money to China via the WeChat app.
- MastercardcoreTenPay Global and Mastercard collaboration to enable fast and secure cross-border remittances to Weixin Pay. The partnership leverages Mastercard's global payment network for remittance services.
- Western UnioncoreWestern Union and TenPay Global partnered to drive remittance innovation, enabling Western Union customers to send funds directly to Weixin and WeChat users in China.
- China Cross-Border Interconnection Payment GatewayflagshipTenPay Global is a designated foreign institution partner of China's Cross-Border Interconnection Payment Gateway, broadening integration of international wallets to Weixin Pay for cross-border payments.
- PayPal/XoomcorePayPal's Xoom partnered with TenPay Global to offer cross-border remittances to Weixin, allowing Xoom users to send money directly to WeChat users in China.
- Ria Money TransfercoreRia Money Transfer partnered with TenPay Global enabling digital remittances to Weixin for flexible spending in China, expanding Ria's service reach to Tencent's user base.
- TerraPaycoreTenPay Global partnered with TerraPay to enable international money transfers to Weixin and WeChat users, leveraging TerraPay's global mobile payment infrastructure.
- VisaflagshipVisa and Tencent Financial Technology extended global partnership to facilitate remittances to digital wallets utilizing Visa Direct, enabling faster cross-border fund transfers to Weixin Pay.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Tenpay competitors and assessment
Company assessmentBroad incumbents
- PayPal (Xoom): PayPal, via its Xoom remittance service and broader digital wallet, is both a partner of TenPay Global and a broad incumbent competitor in global remittance. It competes across P2P, consumer payments, and merchant cross-border flows.
- MoneyGram: MoneyGram is a global remittance incumbent with extensive agent and digital distribution, competing in many of the same China-bound corridors as TenPay Global. It is a broad incumbent offering both cash and digital remittance services worldwide.
- Western Union: Western Union is one of the world's largest money transfer operators and a strategic partner of TenPay Global. It competes in the same China-bound remittance corridors and is investing in digital rails that overlap directly with TenPay Global's product.
Direct peers
- Ant Group (Alipay / Alipay+): Ant Group operates Alipay and Alipay+, the most direct cross-border payment competitor to TenPay Global, connecting global wallets and merchants to Chinese consumers and merchants via QR-based rails. The two compete head-to-head in China-bound remittance, in-China cross-border consumption, and WeChat-Mini-Program-style merchant acquiring.
- Airwallex: Airwallex is a cross-border financial platform offering business accounts, FX, global collection, and payouts. It competes with TenPay Global's Global Payment Collection / corporate cross-border services, particularly for SMB and enterprise merchants operating across Asia and globally.
- PingPong: PingPong provides cross-border payment and FX solutions for e-commerce merchants, including China-bound and global flows. It directly competes with TenPay Global's Global Payment Collection and e-commerce settlement offerings, especially for marketplace sellers.
- Wise: Wise (formerly TransferWise) is a global cross-border money movement platform for consumers and businesses, with deep FX capabilities and multi-currency accounts. It is a direct peer to TenPay Global on the cross-border P2P and SMB B2B payment front.
- LianLian Global: LianLian Global is a China-licensed cross-border payment service provider serving merchants and platforms with collection, payout, and remittance into China. It is a direct competitor to TenPay Global's Global Payment Collection, e-commerce, and remittance product lines.
Emerging players
- Remitly: Remitly is a digital-first remittance provider focused on immigrant senders, including corridors to Asia. It is an emerging player competing for the same digitally native diaspora remittance customers that TenPay Global reaches via partners such as DBS and Western Union.
- WorldRemit: WorldRemit is a digital cross-border money transfer company serving senders in 50+ countries to recipients across emerging markets, including Asia. It is an emerging digital-first peer competing for cross-border digital remittance wallet share.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Tenpay social profiles
Digital presenceTenpay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tenpay leadership team
Management profileNumber of profiles
Tenpay subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tenpay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tenpay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tenpay
What does Tenpay do?
TenPay Global is Tencent's cross-border payment platform that connects the Weixin/WeChat ecosystem with global financial institutions, payment networks, and remittance operators. It offers end-to-end licensed payment solutions across cross-border remittance (from 60+ countries to China via Weixin chat), cross-border consumption (linking international cards and foreign e-wallets to Weixin Pay for use in mainland China), global payment collection for businesses operating across 200+ countries, and global acquiring for Weixin Mini Program merchants to accept local payment methods abroad.
Is Tenpay a public or private company?
Tenpay is a private company. It is classified as corporate owned and is currently operating.
When was Tenpay founded?
Tenpay was founded in 2005. It employs 1 to 10 people.
Where is Tenpay based?
Tenpay is headquartered in Singapore, Singapore, in the Asia region.
How does Tenpay make money?
Four revenue lines are on record. Cross-Border Remittance Services are the primary driver. The others are cross-Border Consumption Services, global Payment Collection for Businesses and global Acquiring Services.
Who are Tenpay's main competitors?
Broad incumbents on record are PayPal (Xoom), MoneyGram and Western Union. Direct peers are Ant Group (Alipay / Alipay+), Airwallex, PingPong, Wise and LianLian Global. Emerging players are Remitly and WorldRemit.
Does Tenpay have an API?
No public API is recorded for Tenpay.
What industry is Tenpay in?
Tenpay's product category is Cross-Border Payments. Its primary akta.pro industry code is BPAMAFAK, Cross-Border & FX Payments Platforms, with a secondary code of FSAGAKAA, Consumer P2P International Remittances.