Thunes' network facilitates Visa's payments across various digital wallets and banks.
Over 60% of the global population is expected to adopt digital wallets by 2026.
Thunes, a provider of cross-border payment solutions, has
announced an expansion of its strategic partnership with Visa. The
collaboration aims to introduce new endpoints in crucial markets across Asia
and Africa.
Expanding Access to Digital Wallets and Bank Accounts
The enhanced collaboration involves Visa leveraging Thunes’ network
to facilitate payments to over 108 different digital wallet types and bank
accounts across several countries in Africa and Asia, including key markets
like Kenya, the Philippines, Indonesia, and Pakistan. Additionally, Thunes is
integrating Visa Direct’s push-to-card capability, allowing for seamless
payouts to eligible Visa cards and accounts spanning 190+ countries and
territories.
Chris Newkirk, the Global Head of Commercial & Money
Movement Solutions at Visa, commented: “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."
Visa's projection of a $200 trillion market for global money
transfers highlights the immense potential for growth in this sector,
encompassing various transaction types such as B2B, B2C, P2P, and government
disbursements. 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.
Enhancing Global Payment Accessibility
The burgeoning popularity of digital wallets, characterized
by their ease of use, speed, and security, has been underscored by projections
indicating that over 60% of the world's population is expected to embrace them
by 2026.
Consequently, an increasing number of financial institutions,
including prominent entities like CIBC in Canada, are partnering with Visa to
integrate cross-border payout capabilities into digital wallets. This trend
underscores the growing recognition of mobile wallet interoperability as a
crucial mechanism for optimizing payments for both consumers and businesses.
This latest initiative builds upon the existing
collaborative efforts between Thunes and Visa. The partnership, initially
forged in October 2022 to extend Visa Direct’s reach to 1.5 billion wallets,
has since evolved into a multifaceted alliance aimed at driving innovation and
accessibility in cross-border payments.
“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,” said, Floris de Kort, the CEO
of Thunes.
Thunes, a provider of cross-border payment solutions, has
announced an expansion of its strategic partnership with Visa. The
collaboration aims to introduce new endpoints in crucial markets across Asia
and Africa.
Expanding Access to Digital Wallets and Bank Accounts
The enhanced collaboration involves Visa leveraging Thunes’ network
to facilitate payments to over 108 different digital wallet types and bank
accounts across several countries in Africa and Asia, including key markets
like Kenya, the Philippines, Indonesia, and Pakistan. Additionally, Thunes is
integrating Visa Direct’s push-to-card capability, allowing for seamless
payouts to eligible Visa cards and accounts spanning 190+ countries and
territories.
Chris Newkirk, the Global Head of Commercial & Money
Movement Solutions at Visa, commented: “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."
Visa's projection of a $200 trillion market for global money
transfers highlights the immense potential for growth in this sector,
encompassing various transaction types such as B2B, B2C, P2P, and government
disbursements. 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.
Enhancing Global Payment Accessibility
The burgeoning popularity of digital wallets, characterized
by their ease of use, speed, and security, has been underscored by projections
indicating that over 60% of the world's population is expected to embrace them
by 2026.
Consequently, an increasing number of financial institutions,
including prominent entities like CIBC in Canada, are partnering with Visa to
integrate cross-border payout capabilities into digital wallets. This trend
underscores the growing recognition of mobile wallet interoperability as a
crucial mechanism for optimizing payments for both consumers and businesses.
This latest initiative builds upon the existing
collaborative efforts between Thunes and Visa. The partnership, initially
forged in October 2022 to extend Visa Direct’s reach to 1.5 billion wallets,
has since evolved into a multifaceted alliance aimed at driving innovation and
accessibility in cross-border payments.
“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,” said, Floris de Kort, the CEO
of Thunes.
Mastercard and Nigeria's Access Bank Partner to Launch New Cross-Border Payment Solution
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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