Euronet Expands Presence in China With Tenpay Global Partnership
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Euronet Worldwide (EEFT) has partnered with Tencent's Tenpay Global to facilitate cross-border payments from Ria's channels to Weixin Pay's linked bank accounts, expanding its presence in China.
December 23, 2024 | 5:45 pm
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Euronet Worldwide has formed a partnership with Tencent's Tenpay Global, allowing cross-border payments from Ria's channels to Weixin Pay's linked bank accounts, enhancing its market presence in China.
The partnership with Tenpay Global is a strategic move for Euronet, as it enhances its cross-border payment capabilities and expands its presence in the Chinese market. This is likely to positively impact EEFT's stock in the short term due to increased market reach and potential revenue growth.
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