TerraPay partners with Tenpay Global to enable international remittances to Weixin Pay users in China.

TerraPay has partnered with Tenpay Global, Tencent's cross-border payment platform, to facilitate international money transfers directly to Weixin Pay users in China. This collaboration aims to enhance remittance solutions by addressing issues like slow processing times and limited digital payment access. By allowing transfers to over one billion Weixin and WeChat users, the partnership capitalizes on the growing adoption of mobile wallets in China, projected to reach a $913 billion remittance market by 2025.

October 22, 2024
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