Thunes, which claims to be the Smart Superhighway to move money around the world, today welcomed Papara, Turkey’s fintech company, as a Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye.
This empowers Papara clients in Turkey, allowing them to send money into 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards in 80+ currencies to 130+ countries.
The cooperation also enables fast, simple and affordable international money transfers directly to Papara accounts, marking the first time such a service is available in Türkiye.
With over 21 million users, Papara offers comprehensive digital services facilitating various domestic and international financial transactions. The alliance allows Thunes’ extensive Direct Global Network Members to send money directly to Papara accounts in real-time, providing a faster, more convenient way to transfer money to Türkiye.
With Thunes’ in-house SmartX Treasury System and Fortress Compliance Platform, Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally.
Emre Kenci, CEO at Papara said their partnership with Thunes significantly enhances Papara’s cross-border payment capabilities, providingusers “with a trusted and secure platform for international transfers.”
Kenci claims that now, millions of Papara users can receive money from around the world directly into their accounts—a “major step forward as they continue to send money using our expanding global money transfer service.”
As covered, 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, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay.”
Thunes’ Direct Global Network differentiates itself through its worldwide reach, “in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.”
Headquartered in Singapore, Thunes has offices in 15 locations.
As noted in the update, Papara is a financial technology company based in Turkey.
Founded in 2015, Papara is committed to providing “fast, simple, affordable, and enjoyable financial services for all.”
Papara brings a range of products offering instant transfers to users as well as providing a one-stop shop for paying bills, “enabling international money transfers, buying insurance, investing in precious metals, and tracking spending habits.”
Papara offers Papara Cards that are valid “worldwide and online.”
Papara users who use Papara Cards earn instant cash rewards with the Cashback program for purchases in “specific brands and categories.”
Papara has 21M retail users and 7,000 corporate users, “such as Uber and TikTok. Papara has more than 1,000 employees.”
Papara is expanding its products, services, and reach to “become the challenger fintech in the region.”
