Ria Money Transfer, a segment of Euronet, announced a new partnership with Tenpay Global, Tencent’s cross-border payment platform. This collaboration enables users worldwide to send money from Ria’s digital and physical channels directly to Weixin Pay Wallet Balance or linked bank accounts in China.
China is recognized as one of the top three remittance-receiving countries globally, with inflows reaching US$50 billion in 2023. This partnership allows Ria to access the extensive Weixin and WeChat user base, significantly contributing to Ria’s mobile network reach of 3.1 billion wallet accounts worldwide.
The agreement enhances access to secure and convenient remittance services for millions, offering flexible spending options within Weixin Pay. This strategic alliance combines Ria's global physical presence of over 595,000 locations with Tenpay Global's digital ecosystem, redefining mobile payment experiences for users.
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