Global Fintech Thunes Allows Banks to Unlock Mobile Wallet Payments via Swift Connectivity

Thunes, the so-called “Smart Superhighway” to move money around the world, has recnetly announced its Direct Global Network now provides banks with access to more than 3 billion mobile wallets across the globe via their existing Swift connectivity.

Thunes’ network capability allows financial institutions connected to Swift to become Members of Thunes’ Direct Global Network and process reliable cross-border payments directly “to 120 mobile wallet brands around the world, without needing to undertake a separate technical integration to Thunes.”

Via the new with Thunes’ Direct Global Network leveraging existing Swift connectivity, financial institutions can now send instant payments “directly to mobile wallets in over 130 countries and 80 currencies.”

Via the connection with Thunes’ Direct Global Network, which covers 130 countries and 80 currencies, financial institutions can “send instant payments directly to mobile wallets via their existing Swift connectivity, with minimal technical lift and operational changes.”

By leveraging Swift’s financial messaging services and enhancing payment capabilities with Thunes’ expansive Direct Global Network the new capability enables financial institutions to “deliver seamless cross-border transactions, increasing financial inclusion across markets where mobile wallet usage is prevalent.”

Specifically, it aims to reach “under-banked people, giving them access to the global finance system.”

Thunes is described as being the Smart Superhighway to “move money around the world.”

Thunes’ Direct Global Network allows Members to make payments in real-time in “over 130 countries and more than 80 currencies.”

Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, via “more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more.”

Thunes’ Direct Global Network differentiates itself via its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, “ensuring Members of the Network receive speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally.”

Members of Thunes’ Direct Global Network include gig economy firms such as Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.

Headquartered in Singapore, Thunes maintains additional business locations in 15 other locations, which reportedly includes Abidjan, Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco, Sao Paulo and Shanghai.



Sponsored Links by DQ Promote

 

 

Send this to a friend