Mastercard and Tencent's TenPay Global signed a memorandum of understanding to enhance payment interoperability. The agreement was announced during Hong Kong FinTech Week 2026. It aims to improve the payment experience for international visitors to mainland China. Visitors can use familiar digital wallets at QR-enabled merchants.
The collaboration deepens an existing partnership on cross-border remittances. This uses Mastercard Move. It aims to ease money transfers into the Weixin (WeChat) ecosystem.
The companies will also explore opportunities in AI-enabled commerce.
This initiative builds on previous efforts. Those efforts provided Mastercard cardholders access to Weixin Pay's merchant network in China.