Posts Tagged “Tenpay”

Tenpay

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.


American Express to Offer Electronic Payment Service With China’s Tencent

American Express Co. (AXP), the biggest credit-card issuer by purchases, will offer an online payment service with Tencent Holdings Ltd. (700) in its first collaboration with an electronic payment partner in China.


PayGate adds China Union Pay, AliPay and Tenpay to its payment methods

SEOUL | PayGate, a South-Korean based payment service provider starts providing all major prepaid payment service for the Chinese ecommerce market. PayGate's payment method offering includes China Bank Union‘s CUP service and China’s biggest online-offline payment solution by internet companies' AliPay/TenPay.


The Chinese Payment Landscape

REPORT | It’s easy to get carried away with big statistics when discussing China, but one story illustrates just how quickly the Chinese e-commerce market is sweeping all before it. 


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