Tencent and Visa Sign MoU on Cross-Border Payments, Agentic Commerce and Enterprise AI
Tencent and Visa Sign MoU on Cross-Border Payments, Agentic Commerce and Enterprise AI #
Tencent and Visa have signed a memorandum of understanding covering cross-border payments, AI-powered agentic commerce, enterprise artificial intelligence, and support for businesses expanding globally. The agreement builds on an existing relationship that includes gaming payments and inbound travel services in China.
According to Tencent’s official announcement, the MoU combines Tencent’s payment infrastructure, digital platforms, and technology capabilities with Visa’s global network and cross-border money movement solutions across four areas.
On the payments side, the partnership will develop cross-border capabilities for inbound and outbound travellers using Tencent’s TenPay Global platform alongside Visa Pay. The companies plan to enable payments at participating merchants across both the Weixin Pay and Visa networks, subject to applicable regulatory requirements. Separately, Visa Direct will allow more overseas senders to transfer funds into the Weixin Pay ecosystem.
The agentic commerce component involves Visa Intelligent Commerce, Visa’s framework for AI-driven purchasing, which would support experiences in which AI agents autonomously discover and purchase goods or services on behalf of consumers while preserving security and consumer control. Developer-to-agent payment experiences and AI-native commerce models are also included.
The MoU also covers Midas, Tencent’s international gaming and payments platform. Visa has collaborated with Midas for years; the agreement expands that work to include risk management and global payments.
“As two-way travel and commerce between China and the rest of the world continue to grow, we are pleased to build on our existing partnership with Visa to deepen cross-border payment connectivity and explore new possibilities in AI-powered agentic payments,” said Forest Lin, Corporate Vice President of Tencent and Head of Tencent Financial Technology.
The MoU follows Visa’s recent approval from China’s central bank for domestic card clearing operations in the country, which expanded the US payments network’s access to one of the world’s largest consumer markets.
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