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Logo Tenpay

Tenpay

Tenpay is a major Chinese payments solution enabling Chinese consumers to pay online and cross-border. Tenpay is similar to PayPal and allows for payments between persons and businesses. Tenpay wallets can be topped up with cash, (e-)bank transfers and stored credit or debit cards.

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INTRODUCTION

Tenpay is developed by Tencent company -  a Chinese giant in mass media entertainment, internet and mobile phone value added services and online advertising. It is the fifth-largest Internet company in the world after Google, Amazon, Ebay and Facebook (April 2014). Their instant messaging services 'QQ' and 'WeChat' have more than 1 billion users. Tenpay users can use the Tenpay wallet to send money and make payments (similar to PayPal). The Tenpay wallet is compatible with the e-banking service of major domestic bank. Tenpay also supports Tenpay Express Checkout, enabling consumers to check out in just a few seconds, simply paying by username and password (the securely stored credit or debit card is charged automatically). More than 200,000 shopping website accept Tenpay. According to a report by China Post, Tenpay was estimated to have registered about 200 million users by end of 2012.


E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.

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COMPANY DETAILS

Tenpay is developed by Tencent company -  a Chinese giant in mass media entertainment, internet and mobile phone value added services and online advertising. It is the fifth-largest Internet company in the world after Google, Amazon, Ebay and Facebook (April 2014). Their instant messaging services 'QQ' and 'WeChat' have more than 1 billion users. Tenpay users can use the Tenpay wallet to send money and make payments (similar to PayPal). The Tenpay wallet is compatible with the e-banking service of major domestic bank. Tenpay also supports Tenpay Express Checkout, enabling consumers to check out in just a few seconds, simply paying by username and password (the securely stored credit or debit card is charged automatically). More than 200,000 shopping website accept Tenpay. According to a report by China Post, Tenpay was estimated to have registered about 200 million users by end of 2012.

COMPANY ADDRESS

No. 478 Wenshan Road
Hangzhou city P.R.C

China

PHONE & EMAIL

Main Phone Number
Main Fax Number
Email

WEBSITE AND BLOG

Website
Blog

SOCIAL LINKS

Latest Company News

Tenpay Joins Forces With CyberSource

SINGAPORE and BEIJING | CyberSource, a Visa company and one of the world’s largest providers of eCommerce payment management services, recently announced an agreement with Chinese payment service provider Tenpay, to provide fraud management services to support the development of Tenpay’s payment services business.   The cooperation reflects growing demand for CyberSource’s paymen [...] Read more


The Launch of Tenpay American Express Virtual Pay

BEIJING | Tenpay, a leading third-party online payment platform in China, announced the launch of "Tenpay American Express® Virtual Pay" – the first virtual pay product introduced by Tenpay on its platform with state-of-the-art security features supported by the American Express network, making overseas online shopping more secure than ever. Shopping at online merchants that require U.S. shipping ad [...]


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