Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global network to send international payments to Weixin users.
Weixin, with its international version known as WeChat, facilitates one of China’s most popular payment methods Weixin Pay.
The majority of Weixin and WeChat’s 1.3 billion users are concentrated in China.
According to Thunes, it is the first payment infrastructure partner to connect with Tencent Financial Technology.
Daphne Huang, SVP APAC, Thunes said,
“China is now seen as a global leader in digital payments and payment innovation, and mobile payments are at the forefront of the evolution.
We are excited to bring the ability to connect our global customers with Weixin’s massive consumer base, creating tremendous opportunities for service enhancement and revenue generation for all members in our ecosystem,”
Wenhui Yang, General Manager, Tencent Financial Technology Asia Pacific said,
“We are always looking for better ways to serve our users. So it is only natural for us to partner with a global network like Thunes, making it easier and more affordable for Weixin users to receive money globally.
This move boosts the seamless payment experience, and we strive to make cross-border remittance as easy as sending a message.”
The post Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users appeared first on Fintech Hong Kong.