Hong Kong-listed Tencent, the owner of popular Australian messaging app WeChat, has moved to expand its global online payments offering after it led a $13m funding round for Chinese international payments software firm Airwallex. This follows rival Alibaba's $1.2bn bid to take over MoneyGram, a money-transfer provider based in Dallas, Texas. Tencent's Tenpay is currently the second largest digital payment platform in China, behind Alibaba-owned Alipay.
Hong Kong-listed Tencent, the owner of popular Chinese messaging app WeChat, has moved to expand its global online payments offering after it led a $13m funding round for Australian international payments software firm Airwallex. This follows rival Alibaba's $1.2bn bid to take over MoneyGram, a money-transfer provider based in Dallas, Texas. Tencent's Tenpay is currently the second largest digital payment platform in China, behind Alibaba-owned Alipay.