Paysend Announces Technology Partnership with Tencent Financial Technology

Paysend, a global FinTech disruptor on a mission to change how money is moved around the world, announced a technology partnership with Tencent Financial Technology.

This new technology partnership will enable people to receive money through Weixin, the version of WeChat for users in mainland China. Paysend can also enhance money transfers to China through this partnership. 

Paysend will enable users to send money across borders through licensed banks in China, with the funds reaching bank accounts linked to the Weixin app. With features like low fixed fees on money transfers, competitive exchange rates and international payments, Paysend is changing how people manage money globally.

Alex Bessonov, Group Head of Network Development and Strategic Partnerships at Paysend, said: “The meteoric rise of mobile and app-based payments in China has brought convenience to the lives of over one billion people. This new partnership with Tencent Financial Technology expands acceptance of Paysend transfers to Weixin users and underlines our ambition to use the most advanced technology to make payments faster and easier for millions of people around the world.”