In a significant development for the world of cross-border payments, Ripple and Thunes have announced an expansion of their partnership to integrate Ripple Payments into Thunes’ Direct Global Network. This integration builds on a collaboration that began in 2020, aimed at enhancing the efficiency and transparency of international money transfers.
Headquartered in Singapore, Thunes connects users to a vast network that spans over 130 countries and facilitates transactions in 80 different currencies through 320 payment methods. This extensive reach allows the company to serve billions of users with a variety of financial services, including bank accounts, mobile wallets, and cards. Thunes’ Smart Superhighway platform, combined with its SmartX Treasury System, provides real-time local currency payouts, which are critical for businesses and individuals seeking rapid and reliable transaction options.
The integration of Ripple’s blockchain-based payment solutions is expected to significantly enhance transaction speed, transparency, and compliance within Thunes’ global network. Ripple’s enterprise payment platform is already operational in over 90 payout markets, covering more than 90% of daily foreign exchange markets, and has processed a staggering volume exceeding $70 billion.
Chloe Mayenobe, President and COO at Thunes, emphasized the importance of this integration, stating, “By supporting real-time settlement and deep local integrations, we are enabling digital asset companies to deliver seamless, compliant, and accessible cross-border payments at scale.” This statement reflects a commitment to leveraging technological advancements to streamline financial transactions on a global scale.
Fiona Murray, Ripple’s Managing Director for Asia-Pacific, echoed this sentiment, noting that the collaboration enhances both payment speed and compliance across various regions. The combined strengths of Thunes’ extensive network and Ripple’s digital asset infrastructure aim to create a more efficient framework for managing international payments.
This expanded partnership is poised to set new standards in the realm of cross-border payments, positioning both companies as leaders in facilitating faster, more transparent, and compliant financial transactions worldwide.
