Tencent and Visa are deepening their payment cooperation in China, particularly in cross-border payments and AI-driven commerce. This collaboration aims to simplify payments for inbound and outbound travelers and expand Visa Direct services, facilitating remittances from overseas users to the WeChat Pay ecosystem. Previously, Visa and Citi received approval from Chinese regulators this month to expand their operations in China, reflecting Beijing's ongoing trend of opening up its financial sector.