Summary
TenPay Global, Tencent's cross-border payment platform, and ShopeePay, the digital payment arm of Singapore's Sea Ltd, launched a cross-border payment service connecting Southeast Asian users with merchants in China. ShopeePay users can pay at Weixin Pay (WeChat Pay) merchants in China by scanning QR codes through their ShopeePay and Shopee apps. The service is available first in Singapore and Thailand, followed by Malaysia, Vietnam and the Philippines. It runs on TenPay Global's infrastructure and Weixin Pay's merchant network, which covers tens of millions of merchants in China.
Key Points
- TenPay Global + ShopeePay cross-border QR payment service launched
- ShopeePay users can pay at Weixin Pay merchants in China via QR scan
- First available in Singapore and Thailand; then Malaysia, Vietnam, Philippines
- Runs on TenPay Global infrastructure + Weixin Pay merchant network (tens of millions of merchants)
- ShopeePay is first regional provider to enable Weixin Pay QR payments in China for multiple SEA markets
- TenPay Global partnered with ~50 international wallets across 13 countries/territories
- Other wallets: PayPal (US), Hana Pay and Travel Wallet (South Korea), BCEL (Laos), HiPay (Mongolia)
- Aims to serve Southeast Asian travelers to China
- Vietnam's NAPAS also linked QR payments with Weixin Pay, targeting 1B+ users
- Reflects broader QR-based cross-border interoperability trend across Asia