In a move that promises to significantly impact the cross-border payments landscape in the Asia-Pacific region, Thunes, the “Smart Superhighway” for global money movement, has partnered with Hyperwallet, a PayPal service.
This strategic collaboration aims to change how businesses send money across borders, enabling real-time payments to over 450 million mobile wallets and bank accounts in key markets including Bangladesh, Indonesia, Malaysia, the Philippines, South Korea, and Vietnam.
Addressing the Rise of Digital Wallets
The Asia-Pacific region is witnessing a surge in digital wallet usage, with a remarkable 70% of global spending channelled through these platforms. Recognising this trend, Thunes and Hyperwallet have strategically integrated Hyperwallet into Thunes’ Direct Global Network.
This integration aims to address the diverse payment preferences of consumers in the region, providing businesses with a seamless and efficient way to reach their customers through their preferred payment methods.
Benefits for Businesses
This partnership offers several key benefits for businesses:
- Reduced Costs: By leveraging Thunes’ Direct Global Network, businesses can significantly reduce cross-border payment fees, optimising their financial operations.
- Faster Processing Times: Real-time payments enable businesses to expedite fund transfers, improving customer satisfaction and enhancing operational efficiency.
- Increased Reach: Access to over 450 million mobile wallets and bank accounts across key markets expands businesses’ reach and allows them to tap into new customer segments.
- Enhanced Customer Experience: Offering customers their preferred payment methods improves customer satisfaction and loyalty, fostering stronger business relationships.
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Thunes’ Global Network: A Powerhouse for Fintechs
Floris de Kort, CEO of Thunes, emphasises the unique value proposition this partnership brings. By leveraging Thunes’ extensive Direct Global Network, Hyperwallet gains access to a vast network that directly connects to over 7 billion bank accounts and mobile wallets worldwide.
This unparalleled reach, combined with Thunes’ SmartX Treasury System and Fortress Compliance Platform, positions Thunes as an ideal partner for Hyperwallet to expand its global footprint and enhance its cross-border payment services, particularly in high-growth regions.
Navigating the Evolving APAC Payments Landscape
Thunes understands the complexities of the Asia-Pacific (APAC) payments landscape. Payout preferences vary greatly across the region, influenced by factors like banking penetration, real-time payment schemes, and digital wallet usage.
Thunes’ recent report, “From Cash to QR Codes: Unpacking Southeast Asia’s Diverse Payments Culture,” sheds light on these trends, highlighting the surge in digital wallet adoption rates exceeding 30% in countries like the Philippines and Indonesia.
Thunes: The Smart Superhighway for Global Payments
Thunes’ Direct Global Network acts as a “Smart Superhighway” for moving money around the world. This proprietary network facilitates real-time payments in over 130 countries and more than 80 currencies.
Its extensive reach covers over 7 billion mobile wallets and bank accounts, along with 15 billion cards via more than 320 payment methods.
This includes popular options like GCash, M-Pesa, Airtel Money, MTN Mobile Money, Orange Money, JazzCash, Easypaisa, Alipay, WeChat Pay, and many more.
Thunes differentiates itself through its unparalleled global reach, combined with its in-house SmartX Treasury System and Fortress Compliance Platform.
This powerful combination ensures members of the network benefit from unrivalled speed, control, visibility, protection, and cost-efficiency when executing real-time global payments.
A Trusted Partner for Leading Fintech Companies
Thunes’ Direct Global Network boasts a prestigious membership base, including industry giants like Uber, Deliveroo, Grab, and WeChat, leading money transfer operators (MTOs), fintech companies, payment service providers (PSPs), and banks. With a global presence spanning 14 locations, Thunes is well-positioned to serve its clientele across the globe.
This strategic partnership between Thunes and Hyperwallet signifies a significant development in the fintech landscape.
By combining Thunes’ global network, innovative technology, and robust compliance framework with Hyperwallet’s reach and expertise, this collaboration empowers businesses to navigate the complexities of cross-border payments and unlock new growth opportunities in the ever-evolving global financial ecosystem.
Thunes and Hyperwallet: Simplifying Global Payments from PayPal to M-Pesa and Beyond
Thunes Kenya has become a key player in the digital payments landscape, offering seamless solutions like the Thunes PayPal to M-Pesa service, which simplifies cross-border transactions.
For those new to the platform, understanding Thunes meaning is crucial—it’s a global payments network connecting diverse payment methods.
Users can access the platform through the Thunes app for convenient transactions, including Thunes M-Pesa withdrawal, which allows direct transfers to mobile wallets.
If you’re wondering which bank uses Thunes, many global financial institutions partner with the network. For more information, the Thunes Crunchbase profile provides an overview of its business and growth.
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Similarly, Hyperwallet, a trusted name for payouts, offers multiple services, including the Hyperwallet login app for easy access. New users can Hyperwallet sign up to manage payments for platforms like Hyperwallet Snapchat, Hyperwallet Amazon, and Hyperwallet Amway.
If you’re already a user, you can easily Hyperwallet sign in to manage your funds or check out specific integrations like Hyperwallet login Amazon or Hyperwallet login Amway, tailored for their partners.
A Global Trend Towards Instant Payments
The partnership between Thunes and Hyperwallet aligns with a global trend towards instant payments. As exemplified by the recent integration of First Citizens Bank with the RTP network in the U.S., instant payments are gaining growing popularity worldwide.
This trend reflects the growing demand for faster, more convenient, and more secure transactions in today’s digital-first economy.