Tencent has agreed new collaborations with Mastercard and UnionPay to expand cross-border remittances and payment options for users. The partnerships are intended to support Tencent’s international remittance channels and broader digital ecosystem outside mainland China. The report did not provide financial terms, launch dates, or expected transaction volumes.
Key facts
Tencent agreed new collaborations with Mastercard and UnionPay to expand cross-border remittances and payment options for users. source
A report stated that new partnerships with Mastercard, Visa, and UnionPay point to additional payment and remittance volumes over time. source