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Thunes Launches Instant Payouts to Tencent’s Weixin Users

China
Uncategorized
Partnerships, Payments

(23 November 2022 – China) Thunes has teamed up with China’s Tencent Financial Technology, allowing members of the Thunes network to send payments to the 1.3 billion users on Tencent’s Weixin service in addition to accessing the Chinese market.

Weixin, along with its international version WeChat, facilitates one of the most widely adopted payment methods in China.

Last month, Thunes teamed up with Visa to allow individuals and small to medium sized businesses (SMBs) using Visa Direct to move money internationally to 78 digital wallet providers.

“China is now seen as a global leader in digital payments and payment innovation, and mobile payments are at the forefront of the evolution. We are excited to bring the ability to connect our global customers with Weixin's massive consumer base, creating tremendous opportunities for service enhancement and revenue generation for all members in our ecosystem” said Thunes SVP APAC, Daphne Huang.

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