iPaynow, who calls itself the official US agent of Tencent’s online payment service Tenpay, is acquiring clients in the US, offering cross-border payment solution on behalf of Tenpay, according to a business brief we received from it.

It’s been only two months since Chinese authorities finally allowed local independent payments services to process international payments online and authorized 17 such services, including Alibaba’s Alipay and Tencent’s Tenpay, to conduct certain categories of cross-border online payments.

It echos the fact that Chinese consumers are purchasing increasingly more goods from overseas. Alipay found that online purchases by Chinese from overseas more than doubled in 2012 than that in the previous year. Apart from online shopping, China market also sees rising demand in payments for cross-border flights, outbound travels, overseas tuition fees, etc.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com