The strategic partnership between Ria Money Transfer and Tenpay Global amplifies the reach of cross-border payment between China and the rest of the world, boosting access to secure and convenient remittance services to millions of people worldwide.

Ria Money Transfer (Ria), a global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), and Tenpay Global, Tencent’s cross-border payment platform, announced a new partnership today. Users around the world are now able to send money from Ria’s digital and physical channels to their or their families’ Wallet Balance or linked bank accounts in Weixin Pay, a leading payment and digital wallet in China.

China remains one of the top three remittance-receiving countries globally, with remittance inflows reaching US$50 billion in 2023, according to the World Bank. This partnership enables Ria to tap into the large user base of Weixin and WeChat, contributing to Ria’s mobile network reach of 3.1 billion wallet accounts worldwide. With Ria’s physical presence of more than 595,000 locations in nearly 200 countries and territories, Weixin Pay users in China can now receive remittances from almost anywhere across the globe and enjoy flexible spending such as transfers, top-ups and shopping.

Shawn Fielder, President and CEO of Ria Money Transfer, and Royal Chen, Vice President of Tencent Financial Technology, met to discuss business collaborations.

“At Ria, we are committed to harnessing technology and our powerful network to connect people and communities and help them thrive,” said Shawn Fielder, President and Chief Executive Office of Ria Money Transfer. “Partnering with Tenpay Global combines both entities' strengths to redefine the mobile payment experience for millions of people, making it more convenient and accessible for all.”

“Our partnership with Ria is founded on a shared vision of delivering cross-border remittances that bridge distances and bring families and loved ones closer together,” said Royal Chen, Vice President of Tencent Financial Technology.  “Leveraging our unique Weixin ecosystem, we provide innovative cross-border solutions with convenience and reliability, meeting the evolving needs of the users and making a meaningful impact on their lives. Together with our global partners, we are creating an open, diverse and inclusive borderless payment network.”