Mastercard and Tencent's TenPay Global Sign Agentic Payments Pact

Nov 3, 2026
Mastercard and TenPay Global signed an MoU covering agentic payments, cross-border QR acceptance and remittances into WeChat.

Mastercard and TenPay Global, the cross-border payment platform of Tencent, signed a memorandum of understanding on 2 November to explore agentic payments and cross-border payment interoperability, PYMNTS reported, citing Mastercard's press release. The proposed collaboration covers QR acceptance for international visitors in mainland China, remittances into the Weixin and WeChat ecosystem, and AI-enabled commerce.

For AI-enabled commerce, the two companies will explore Mastercard Agent Pay, Mastercard Agent Connect and Virtual C-Suite. "Looking ahead, the collaboration will explore how the same principles of interoperability, trust and security can extend to agentic commerce, as AI agents reshape how consumers and businesses discover, decide and transact," Mastercard said.

The memorandum follows a broad strategic partnership with OpenAI that Mastercard chief executive Michael Miebach described on the company's 29 October earnings call. "Our agreement establishes collaboration across payments, joint services growth and AI transformation," he said, adding that it includes Agent Pay, the company's tokenized payment infrastructure for AI shopping agents.

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