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.
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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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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.
Hangzhou city P.R.C
China
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| Website | http://www.tenpay.com |
| Blog |
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
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 [...] Read more
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