Tencent’s financial-technology business showcased cross-border payments, AI risk controls and agentic finance at Hong Kong FinTech Week 2026, held Nov. 2-6. TenPay Global, Tencent’s cross-border payments platform, said the Weixin Pay ecosystem is connected to more than 60 overseas wallets across 16 countries and regions, allowing international visitors to pay at participating merchants in mainland China using familiar wallet apps. During the event, TenPay Global signed memorandums of understanding with Mastercard and UnionPay International to explore payment interoperability, remittances and agentic commerce.
Overseas wallets connect to merchants in China
Tencent said TenPay Global has opened the Weixin Pay ecosystem to more than 60 overseas wallets from 16 countries and regions. Visitors to mainland China can use their existing wallet apps to scan QR codes at participating merchants. The company also introduced Pay in China 2.0, which extends wallet services beyond payments to restaurant ordering, ride-hailing and flight or train bookings. Tencent said average daily transactions by Vietnam’s MoMo users rose about 290% after the feature was introduced for travel in China. That figure is company-reported.
Agreements with Mastercard and UnionPay
TenPay Global signed an agreement with Mastercard during FinTech Week to explore how international visitors could use their existing digital wallets at QR-enabled merchants in mainland China, as well as opportunities in agentic payments. Tencent had previously established a partnership with Visa and signed a separate memorandum with UnionPay International on cross-border remittances on Nov. 2. Tencent said TenPay Global works with more than 60 international banks and remittance institutions and supports transfers to China from more than 150 countries and regions.
AI moves into fraud prevention and investment research
Tencent executives demonstrated how AI is being used in payment fraud detection, risk controls and investment research. The company introduced RENA, an AI research agent that gathers and analyzes information related to a user’s portfolio to help identify opportunities. Tencent said the final investment decisions remain with users. It also presented a payment-ontology model designed to identify new fraud patterns more quickly. The performance claims were presented by Tencent and have not been independently verified in public testing.
Hong Kong regulators push for governance of agentic finance
The Hong Kong Monetary Authority launched Project SAGE during FinTech Week to explore responsible applications of agentic AI in financial services and established a cross-sector expert group. The HKMA also published a discussion paper on banks’ use of agentic AI and launched a post-quantum cryptography toolkit with the Hong Kong University of Science and Technology and industry partners. The event showed Hong Kong’s ambition to expand cross-border payments, tokenized assets, AI finance and cybersecurity, although many initiatives remain at the pilot, consultation or partnership stage.