Tenpay Global

We are proud to announce our partnership with Tenpay Global, the cross-border payment platform of Tencent, to facilitate sending money to China.   With this collaboration, users can transfer funds via Ria's digital and physical channels directly to their families’ Wallet Balance or linked bank accounts in Weixin Pay.   With remittance inflows to China reaching $50 billion in 2023, this partnership connects Ria’s extensive network of 595,000 locations across nearly 200 countries with Weixin Pay’s large user base, enabling seamless global remittances.   "At Ria, we are committed to using technology and our powerful network to connect people and communities in China and help them thrive," said Shawn Fielder, President and Chief Executive Office of Ria Money Transfer. "Partnering with Tenpay Global combines both our strengths to redefine the mobile payment experience for millions."   Learn more here: https://lnkd.in/dfpz_Xsv #riamoneytransfer #tenpayglobal #china #remittances #partnership

Today at the Singapore FinTech Festival, Visa and OCBC announced a partnership to make money transfers easier than ever. Enabled by Visa Direct, the OCBC app will be the first mobile banking app in Asia Pacific to facilitate instant peer-to-peer transfers to Weixin Pay (WeChat Pay) and Alipay using the recipient’s China national identification name and mobile number, with no transfer fees. This partnership will further accelerate cross-border money transfers in Asia Pacific. According to Visa research in Singapore, almost 50% of Chinese respondents have received money in their digital wallets from overseas, fuelling a need to make cross-border remittances easier, more hassle-free, and safer for those who depend on them. As remittances evolve in the region, Visa Direct’s access to nearly 8.5 billion endpoints, including over 3 billion accounts, over 3 billion cards, and more than 2.5 billion digital wallets globally can make them ever more seamless, convenient, and safe for the people who need them. Learn more: https://vi.sa/3YVT9wn

We’re here at Hong Kong FinTech Week 2024. Day 1 was a great kickoff! It was an honor to host Paul Chan, Financial Secretary, the Government of the Hong Kong SAR, at our booth. And our team enjoyed the opportunity to connect with so many attendees. Our senior leaders, Forest Lin, Corporate VP of Tencent, Head of Tencent Financial Technology, and Daniel Hong, Vice President of Tencent Financial Technology, discussed tech’s role in creating value for users through payments and the interconnectivity of digital payments. Join us tomorrow for talks by Wenhui Yang, CEO, Tenpay Global(SG), on digital wallets in remittances, and Stephen Shaw,FRM, director of overseas banking solutions at Tencent Cloud, on AI in financial services. Stop by Booth TA14, Summit Hall! #FinTechHK #HKFTW24

With remittances projected to grow significantly in 2025, remittances to China are expected to reach $53 billion. To facilitate this, TerraPay and Tenpay Global are forming a strategic partnership to integrate remittances into the Weixin Pay ecosystem. Key highlights of this partnership: Direct transfers: Seamlessly send money to Weixin Pay users in China. Extensive network: Connect to over 1 bn Weixin and WeChat users through remittances. Faster transactions: Users can enjoy quicker transactions. Financial inclusion: Built for millions who want to send money effortlessly to their loved ones. By combining our strengths, we’re driving seamless remittances that empower users to stay connected. Curious to learn more? Dive into our partnership insights here https://okt.to/Or1GK7 Rammy Naguiat | Joy Nguyen | Sheshagiri (Sukesh) Malliah | Hassan Chatila | Ambar Sur | Ruben Salazar Genovez #TerraPay #TenpayGlobal #Fintech #Remittance #WeChat #WeixinPay

Scams are on the rise, impacting many, including migrant workers. To help Chinese migrant workers navigate online transactions safely, Singtel Dash, in partnership with Tenpay Global, recently ran an informal workshop on safe remittance practices and digital security. About 50 workers attended the session, where they received advice on recognising and avoiding common scams when sending money back to their loved ones in China. The Singapore Police Force also joined the session to educate the workers on scams and how they can increase their resilience against scams by taking preventive measures.    Gilbert Chuah, Head of Financial and Lifestyle Services at Singtel, added, “Our migrant workers work tirelessly and make tremendous sacrifices to send money back home. By using unauthorised platforms to remit their funds, they risk losing their hard-earned money which can be devastating for both the workers and their families. Singtel takes the digital transaction security of our migrant workers very seriously and has been helping them transact with confidence via our many outreach efforts. Beyond providing a secure and efficient platform for remittance, Dash, we want to ensure they have the knowledge and tools to be financially safe.”   Singtel Dash, together with its community partners have been running regular roadshows and engagement programmes such as these for the migrant worker community to learn about scams and how to make secure remittance transactions using the Dash app.    The event also doubled up as a celebration for the upcoming Mid-Autumn Festival, where familiar dishes were served to evoke a sense of home and for the workers to busk in the spirit of togetherness.    If you know someone who may have been impacted or needs advice on scams, they can visit scamalert.sg or call the National Crime Prevention Council’s Anti-Scam Helpline at 1800-722-6688. #SingtelDash #SafeRemittance #CommunitySupport #FinancialEducation #MigrantWorkers

🤝 Visa Shenzhen Partner Day 2024 Highlights 🤝 We are excited to share some highlights from the Asia Pacific Visa Direct Partner Day held in Shenzhen. It was an opportunity to present the Money Movement value proposition and use cases of Visa Direct, our payment solution that enables fast, convenient and secure money transfers around the world. Businesses are evolving from B2C to B2B2C in Asia, making closer partnerships and collaboration increasingly important for cross-border payments. Our Visa Direct partners also joined in to share their vision, growth opportunities, and success stories – Wenhui Yang from Tencent, Mark Ma from Lian Lian International Together with our clients and solution provider partners, we are building the next generation of money movement experiences, enabled by Visa Direct. Learn more here: https://vi.sa/3Hurclw #Visa #VisaDirect #MoneyMovement #CrossBorderPayments #AsiaPacific