On November 2, TenPay Global, a cross-border payment platform owned by Tencent, and Mastercard announced the signing of a Memorandum of Cooperation. According to the Memorandum of Cooperation, TenPay Global and Mastercard intend to integrate their respective capabilities in payment processing, currency exchange, risk management and fraud prevention to help merchants better serve overseas customers. The two sides will work with digital wallet service providers, financial institutions and payment service agencies to further expand the coverage of cross-border code scanning payments. Furthermore, TenPay Global's partnership with Mastercard has expanded into the smart commerce sector, exploring how to extend connectivity, trust, and security to a new AI-driven business ecosystem.

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