TenPay

TenPay is a Chinese online payment platform developed by Tencent. Introduced in 2005, it provides payment services for online commerce and mobile transactions and serves as the underlying payment infrastructure for Tencent’s consumer wallets, including WeChat Pay and QQ Wallet. In its early years, TenPay facilitated payments within Tencent’s own ecosystem, such as QQ services and online games, and later expanded to support third‑party merchants and external e‑commerce platforms.

TenPay operates as both a consumer wallet and a merchant services platform. The consumer side is primarily visible through WeChat Pay and QQ Wallet, which enable in‑app purchases, chat‑based payments, and QR code transactions. The business‑to‑business side offers payment processing, merchant accounts, APIs, and settlement services for merchants integrating TenPay’s infrastructure into their websites and apps. The platform emphasizes security, regulatory compliance, and risk management, including identity verification and transaction monitoring.

Regionally, TenPay’s core market is China, where it competes with other domestic payment providers such as Alipay and UnionPay. Tencent also supports cross‑border payments through related services and partnerships, enabling international merchants to accept Chinese payments and Chinese consumers to pay abroad. TenPay remains a central component of Tencent’s payments ecosystem, with ongoing development to integrate payments across Tencent’s wide range of services and platforms.