This week in finance: TenPay Global CEO on interoperable payments; tap-to-pay service roll-outs

OCBC and Vietnam separately strengthen their QR payment ties with China.

Developments in the payments ecosystem such as tap-to-pay services and expanded QR capabilities dominated banking and finance headlines in the week of December 1-5, 2025.

Yang Wenhui, CEO of TenPay Global and general manager of Tencent Financial Technology, spoke with Asian Banking & Finance on how they envision the future of interoperable payments will look like, and why TenPay Global expanded its mini program ecosystem overseas.

Asian Banking & Finance also corresponded with a representative from the Monetary Authority of Singapore (MAS) to learn more on the country’s increased oversight over marketing of financial products.

Fiuu has rolled out a “Tap to Pay on iPhone” service allowing merchants to begin accepting contactless payments using an iPhone XS and later device. Macau Pass and Alipay have also launched a tap-to-pay service.

Meanwhile, customers of Singaporean bank OCBC will soon be able to scan-and-pay in all merchant QRs in mainland China using their mobile banking app. UnionPay and Vietnam’s NAPAS have also launched a pilot for China-Vietnam QR payments.