TenPay Global and Mastercard collaborate to enable fast and secure remittances to Weixin Pay

SINGAPORE, Dec. 8, 2025 /PRNewswire/ -- TenPay Global, Tencent's cross-border payment platform, and Mastercard Move, Mastercard's money movement business, have announced a collaboration to facilitate fast, secure and transparent digital remittances directly to Weixin Pay, a leading mobile payment service within the Weixin ecosystem in China. Through Mastercard Move, Mastercard's portfolio of money movement capabilities, eligible senders around the world will be able to send salaries and family support directly to Weixin Pay Wallet Balance or linked bank cards in Weixin Pay.

According to the World Bank, personal remittances received by China were about US $31.41 billion in 2024. With the steady rise in international travel, global commerce, and overseas employment, the demand for fast, secure and convenient cross-border money transfers continues to accelerate. By connecting Mastercard Move's trusted global network and innovative money movement capabilities with Weixin's extensive user base and ecosystem, this collaboration creates a seamless pathway for global cross-border money movement into the Chinese Mainland.

"Across Asia Pacific, digital wallets are already an integral part of everyday life. With this collaboration, recipients gain fast, secure and transparent access to funds right where they already pay. It's exactly how we're driving payments modernization across the region together with our partners: embedding financial services into everyday life, expanding access, and empowering people and organizations to thrive in today's digitally connected economy," said Anouska Ladds, Executive Vice President, Commercial New Payment Flows, Asia Pacific, Mastercard.

 "We are committed to helping users stay connected wherever they are. Together with Mastercard, we are unlocking new opportunities and greater convenience for people around the world to send money back home. This marks another step forward in supporting the growing money transfer needs of a globally connected user base, ensuring funds arrive swiftly and safely in an everyday platform they trust. We will continue to build solutions that foster cross-border connectivity and create meaningful value for both senders and recipients," said Wenhui Yang, CEO of TenPay Global (Singapore).

Today, Mastercard Move reaches nearly 10 billion endpoints worldwide, including bank accounts, card, wallet, and cash payout locations. This collaboration extends Mastercard Move's reach to over 1.4 billion Weixin and WeChat users, empowering senders and recipients with greater choice and convenience. 

Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and territories and 150+ currencies, with access to more than 95% of the world's banked population.

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, consumption, and commerce. 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. 

www.tenpayglobal.com

About Mastercard 

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com 

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TenPay Global and Mastercard collaborate to enable fast and secure remittances to Weixin Pay

LAGOS, Nigeria, March 12, 2026 /PRNewswire/ -- The Tony Elumelu Foundation (TEF), Africa's leading philanthropy empowering young entrepreneurs, today announced three distinguished new members of its Advisory Board:

• Professor Paul Gompers, Harvard Business School – a preeminent scholar of venture capital and entrepreneurship.
• Per Heggenes, former CEO of the IKEA Foundation, with about a two-decade track record in global grant-making and sustainable development.
• His Excellency Badr Jafar, CEO of Crescent Enterprises and Special Envoy for Business and Philanthropy for the United Arab Emirates.

 

Commenting, Tony O. Elumelu, Founder of the Tony Elumelu Foundation, said:

"Entrepreneurship is the most powerful engine for Africa's long-term prosperity.

We welcome H.E. Badr Jafar, Per Heggenes and Professor Paul Gompers to our Advisory Board.

Badr's experience in championing innovative solutions and strategic philanthropy will be instrumental, as we scale our mission and bridge Africa with global partners who share our commitment to economic inclusion. Per's career experience will be invaluable as we continue to scale our impact and strengthen institutional capacity in support of African entrepreneurs. Professor Gompers' long-standing academic engagement with the Tony Elumelu Foundation, including his Harvard Business School case study on TEF's work, reflects the global recognition of entrepreneurship as Africa's most powerful development catalyst."

The appointments reflect the Foundation's ability to convene global voices and champion African solutions.

Commenting on his appointment, H.E. Badr Jafar said: "It is a privilege to support the Tony Elumelu Foundation's work, at a time when Africa's entrepreneurial energy is reshaping the future. The UAE has emerged as a global platform for innovation and cross-sector collaboration, and I look forward to helping build bridges between regions, sectors, and generations to drive sustainable impact at scale."

Commenting on his appointment, Per Heggenes said:
"The Tony Elumelu Foundation has built one of the most ambitious and impactful entrepreneurship platforms in the world. I am pleased to join at a time when Africa's young entrepreneurs are increasingly central to solving global challenges. I look forward to supporting the Foundation's mission to strengthen entrepreneurship as a pathway to economic independence, resilience, and inclusive growth."

Commenting on his appointment, Professor Paul Gompers stated:
"Entrepreneurship is a critical driver of innovation, job creation, and economic transformation. The Tony Elumelu Foundation has demonstrated what is possible when capital, training, and long-term commitment are aligned. I am delighted to join the Advisory Board and contribute to the Foundation's mission to deepen Africa's entrepreneurial ecosystems and expand opportunity at scale."

To learn more: TEF Annual Report and Impact Report.

Contact: moyo.awotile@tonyelumelufoundation.org

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The Tony Elumelu Foundation Appoints Three New Advisory Board Members