Thunes Signs New Deal With Visa To Broaden Its Global Reach

Thunes, a fintech company offering cross-border payment solutions, has revealed an expansion of its strategic alliance with Visa. This partnership is geared towards introducing additional endpoints in key markets across Asia and Africa.

In this extended collaboration, Visa will utilize Thunes’ network to enable payments to more than 108 diverse digital wallet types and bank accounts in numerous countries across Africa and Asia. This includes pivotal markets such as Kenya, the Philippines, Indonesia, and Pakistan. Moreover, Thunes will integrate Visa Direct’s.

Chris Newkirk, the Global Head of Commercial & Money Movement Solutions at Visa, said,

“At Visa, we’re building the infrastructure to enable our partners to move money from any endpoint, to any endpoint, seamlessly. Broadening both our reach and number of endpoints, more than 8.5B today, is crucial to achieving that goal. Together with Thunes, we’re broadening the payment ecosystem by connecting to bank accounts, cards, and wallets, ultimately bringing more streamlined payouts capabilities to our joint clients.”

Also speaking, Floris de Kort, the CEO of Thunes said,

“Our partnership with Visa is more than just a financial investment. We’re engaging with each other’s networks, corridors and payment methods as payments continue to digitize. There is a crystal clear, untapped opportunity for B2B cross-border payments at scale, and Thunes is delighted to work with Visa to enable these new payment flows”.

By broadening its collaboration with Thunes to enable payouts to digital wallets and bank accounts, Visa aims to solidify its position in capturing this burgeoning market opportunity.