Tencent and Visa have signed a memorandum of understanding to explore cooperation in cross-border payments, AI-driven commerce, and enterprise AI across Tencent’s ecosystem.

The companies will explore payment options for travelers to and from China across Weixin Pay and Visa’s networks, and broader remittance work through Visa Direct.

Their existing payments collaboration for international visitors included a 2023 plan for Visa credit cards to be linked to WeChat.

China has also sought to streamline payments for foreigners.

Visa Direct supports near-real-time transfers to eligible cards, bank accounts, and digital wallets.

Visa announced a 2026 agreement with UnionPay International to extend its money movement network to billions of cards in mainland China.

The companies will also explore purchases made by AI agents under consumer control through initiatives including Visa Intelligent Commerce, which aims to help those agents buy securely.

Tencent Cloud and Visa will explore enterprise AI, developer ecosystems, and support for Chinese companies expanding internationally, as Tencent Cloud pursues overseas expansion.

🔗 Source: Tencent

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