Tencent’s platform Tenpay has a full-service online payment platform including WeChat Pay and Weixin Pay. For those of you unfamiliar with Tencent’s online payment services, here’s how to do it in all its glory:
Getting started
Create an account: Get the WeChat app and create an account. You will have to enter your phone number and proof of identity.
Add Bank Account: Add your bank account/credit card to your WeChat account to receive payments.
Making payments
WeChat Pay: Pay using WeChat Pay to scan QR codes, send money to friends or pay for products and services over the internet.
Weixin Pay: For users outside China, Weixin Pay will let you connect international cards and pay in China. Weixin Pay is also cross-border for your payments.
Security and Compliance
Top Security: Tencent has top security to safeguard your transactions and personal data.
Strictly Conformance: Tenpay is in full compliance with all international regulations and standards so that your payments are safe and reliable.
Additional features
Cross-Border Payments: Tenpay Global supports cross-border payments and remittances, linking consumers with banks around the world.
Merchant Services: Merchants can pay clients using Tenpay, manage payments, and see deep insights.
Lifestyle Services: There are multiple lifestyle services provided by Tenpay such as cross-border e-commerce and foreign money transfers.
Resources
User guides: Tencent has helpful user guides and tutorials on their website so you can start using Tenpay.
Customer support
You will get dedicated customer support for any problem you have.
In the interests of cross-border tourism and foreign cultural exchanges, Tencent is going to great lengths to simplify the payment process for travellers to mainland China. A series of steps is accelerating the workflow. It is now easier and safer to create a WeChat account and faster and easier to connect foreign cards to Weixin Pay.
Tencent and UnionPay collaborate to revolutionize payment platforms with barcode interconnection
Tencent layout and issues of emerging payment platform WeChat has announced that Tencent WeChat Pay and UnionPay have started to cooperate in payment technology to facilitate closer connection. One is that WeChat Pay and the UnionPay App have now completed the cross-recognition and scanning of offline barcodes and you can now pay with scanned WeChat collection code on the UnionPay App in provincial capitals. Moreover, Q coin, QQ Music, and Tencent Video top-ups are fully accessible through the UnionPay App. UnionPay slowly powers WeChat mini-apps, which run the original internet projects. WeChat Reading, Tencent Video, Maoyan, Jingdong, Bubugao, Luckin, and more mini-apps. These projects went live for A/B testing on September 22. So, in mobile payment, Tencent has stepped up its game. These Internet titans bring ecological payment platforms into each other’s films, so the long mobile payment fight is transformed into a mega-monopoly. This phase will be the expansion of communication, disruption and competition. “Interconnection” in the world of payment development means primarily barcode-payment. That is also the style direction of Tencent’s new tech project. These paths will produce some milestones, such as: driving barcode payments interconnection, research and development of technical standards of barcode payment interconnection, coordinating the barcode payments coding, and developing the technical system of barcode payment interconnection. Breaking the service barriers of barcode payments, and mutual recognition and scan of barcode logos across different apps and merchants.
Expanded transaction limits and payment options for Weixin Pay international users
Anyone who wants a greater transaction limit can pass through identity verification by providing the necessary data. Verification of the passports can be done in a few seconds. Weixin Pay has also increased transaction limits for verified international users: the single transaction limit is now US$1,000. The maximum transaction limit is now US$5,000, and the annual transaction limit is now US$10,000, the maximum transaction limit is US$50,000.
To offer more choices of payment for visitors overseas, apart from connecting international cards with Weixin Pay, overseas users can apply for and connect UnionPay’s Tour Card, a pre-paid card offering one-stop top-up and consumption service, with Weixin Pay.
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