Entity
TenPayGo (Tencent)
Tencent launched TenPayGo, a WeChat Pay-based mobile payment app for foreign travelers, ahead of the APEC summit in Shenzhen, as part of its strategy to capture China's growing inbound tourism market.
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## Overview
Tencent Holdings launched TenPayGo, a mobile payment app targeting foreign visitors, ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen (SCMP, September 24).
## Details
Developed by Tencent's WeChat Pay team, TenPayGo allows international travelers to make payments at tens of millions of shops, restaurants, and attractions across the WeChat Pay network by linking their credit cards or home-country digital wallets (SCMP, September 24). The launch is aimed at capturing China's growing inbound tourism market (SCMP, September 24).
## Strategic Significance
This reflects China's broader push to internationalize its digital payment infrastructure and capture foreign tourist spending, relevant to fintech competition, cross-border payments regulation, and China's tourism recovery strategy.