Thunes, the so-called “Smart Superhighway” to move money around the world, announced a collaboration with Ontop, the global payroll and financial platform helping companies hire, pay, and empower remote talent across over 150 countries, headquartered in the US.
Through this collaboration, Ontop is enhancing its Financial Services offering by providing freelancers and ‘remote workers with real-time access to earnings, no matter where they live.”
By leveraging Thunes’ Direct Global Network, Ontop users “can now receive instant local currency payouts to bank accounts in markets like the Philippines, Vietnam, and the UK, eliminating the delays and friction of traditional cross-border payments.”
The collaboration comes on the back of Thunes “acquiring Money Transmitter Licenses in 50 U.S. states, announced in June this year.”
The ability to deliver funds in real time “supports Ontop in accelerating the growth of its business customers in the US and Latin America, and improving the lives of freelancers and remote workers, particularly in emerging markets and where fast, secure, and accessible cross-border payments are essential for everyday life.”
The collaboration comes at a time when freelance work “is surging and global hiring is more common than ever.”
The World Bank estimates the number of self-employed workers globally to be 1.57 billion people, approximately 47 percent of the global workforce.
The global freelance platform market is “expected to grow by more than 16% each year from 2024 to 2030.”
As covered, Thunes is described as 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, 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 HK.”
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 14 locations.
As mentioned in the announcement, Ontop is redefining how global workforces “get paid, grow, and stay empowered.”
Beyond compliant hiring and payroll, Ontop offers a “suite of financial services built for the modern remote professional including multicurrency payouts, sleek digital wallets, global Visa cards, and cashback-powered memberships.”
Through its offerings like Ontop Account, Ontop Card, and Ontop Reserve, the platform gives workers instant “access to earnings, the ability to move money across borders in real time, and tools to manage their financial lives, all in one place.”
From early-stage startups to enterprises, the world’s companies trust Ontop to “power the future of work.”