Tencent and Mastercard Expand Cross-Border Payments and Agentic AI Cooperation

TenPay Global, Tencent's cross-border payment platform, signed a memorandum of understanding with Mastercard during Hong Kong FinTech Week 2026. The agreement covers enabling international visitors to use existing digital wallets at QR-enabled merchants in the Chinese mainland. Both companies will combine capabilities in payment processing, currency conversion, risk management, and fraud prevention.

They also plan to deepen their remittance relationship through Mastercard Move, exploring ways to help overseas senders transfer money into the Weixin ecosystem. Mastercard Move supports transfers across more than 200 countries and territories in over 150 currencies. The MoU includes exploration of agentic payments.

Mastercard data shows inbound spending in mainland China rose 51.3% year over year in the 12 months to Jun 1, 2026.