Tencent has introduced a new cross-border remittance service that allows foreign passport holders to send money into China, expanding the reach of its financial technology ecosystem beyond domestic users.
Palm-based biometric payments, once promoted as a frictionless alternative to cards and mobile wallets, are likely to face legal challenges in the European Union, even as their rollout in the United States has shown mixed results.
Palm payments are coming to Brazil as Tencent joins efforts with Treeal to launch its PalmAI biometric service in this eager for payment innovation market.
Mastercard and Tencent MIDAS have launched a new collaboration designed to speed up, secure, and simplify online payments across the global entertainment economy, making them password-free and fraud-resistant.
From now on, Weixin Pay, a version of WeChat Pay, is available not only for online payments powered by Stripe but also for in-person shopping via Stripe Terminal in 20 countries.
Tencent Holdings Ltd. outlined plans to dramatically increase spending on artificial intelligence infrastructure after the Chinese company recorded the highest revenue growth rates since 2023, indicating that the most valuable firm in the Asian country intends to keep pace with competitors in the so-called post-DeepSeek era.
Chinese AI startup DeepSeek is rapidly being adopted among domestic tech firms, particularly in the cloud services and semiconductor sectors.
Media reports that Apple has approved an update to the WeChat app from Tencent Holdings ahead of the iPhone 16 debut.
Meta Platforms Inc. has approached the conclusion of a deal that will provide this technology giant with the opportunity to supply a mixed-reality headset to the Chinese market.
Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.
© 2026 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.
