#Singapore #Thunes #Payments #Cirlce

Thunes Partners with Circle Payments Network

In a significant development for global finance, Thunes, the smart network facilitating worldwide money transfers, has announced its collaboration with the Circle Payments Network (CPN) Managed Payments. This partnership aims to enhance payment interoperability, showcasing Thunes' commitment to integrating traditional banking systems with emerging digital assets and mobile wallets.

Understanding the Partnership

This initiative constitutes a pivotal step towards achieving comprehensive interoperability within the global financial landscape. By joining the Circle Payments Network, Thunes is poised to empower its clients to access CPN Managed Payments, an opportunity that allows for stablecoin-backed settlement capabilities while ensuring operations align with existing fiat workflows.

The partnership intends to transcend technological barriers within payment systems, allowing for the free and instantaneous flow of money akin to information exchange. Thunes and Circle's collaboration is not a recent endeavor. Their partnership began back in 2024, targeting the liquidity supply through stablecoins, with significant progress made in integrating USDC into Thunes' Direct Global Network, thus reshaping liquidity management and operational efficiencies across over 140 countries.

Key Highlights of the Partnership

• - Real-Time Settlements: The utilization of USDC facilitates nearly instantaneous payments, liberating users from traditional banking schedules and pre-funding requirements. Thus, businesses can manage liquidity round the clock, irrespective of banking hours.
• - Enhanced Capital Efficiency: This collaboration releases millions of dollars previously tied up in dormant accounts, enabling businesses to utilize capital more effectively.
• - Unmatched Reach: Connecting to a vast network of over 12 billion mobile wallets, stablecoin accounts, and bank accounts worldwide underscores the robustness and flexibility of Thunes' infrastructure.

Chloé Mayenobe, Deputy General Manager at Thunes, expressed enthusiasm about the alliance, stating, "Joining CPN Managed Payments is a natural progression in our journey towards global payment interoperability. Our mission has long been to break down the barriers hindering money movement. Enhancing our long-standing collaboration with Circle ensures that transactions remain swift, secure, and invisible, regardless of whether customers utilize traditional bank accounts in Europe or mobile wallets in Africa."

The Future of Payment Systems

Nikhil Chandhok, Circle's Chief Product and Technology Officer, emphasized Thunes' expertise, stating, "Thunes brings invaluable insights into global payment connectivity and operational scalability. Their experience across diverse payment ecosystems enriches our ongoing efforts to expand the Circle Payments Network, broadening access to stablecoin-backed settlements for financial institutions worldwide."

About Thunes

Thunes operates an intelligent network designed to streamline global money transfers. The Direct Global Network enables real-time payments across over 140 countries and 90 currencies, connecting seamlessly with more than 12 billion mobile wallets and stablecoin accounts, as well as over 15 billion cards through 220 different payment methods.

Prominent members of Thunes' Direct Global Network include industry leaders like Uber and Deliveroo, along with super apps such as Grab and WeChat. With its headquarters in Singapore, Thunes has expanded its presence with offices in 14 cities, including Atlanta, Barcelona, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Beijing, Riyadh, San Francisco, and Shanghai.

To discover more about Thunes and its innovative solutions, visit Thunes.com.

About Circle

Circle stands as a leading global online financial platform, laying the groundwork for a more inclusive world economy through programmable blockchain infrastructure and digital assets. Circle’s offerings include the largest global stablecoin network anchored by USDC, facilitating global fund transfers through the Circle Payments Network and Arc, a business blockchain designed to serve as the economic operating system for the Internet.

For businesses, financial institutions, and developers, Circle presents reliable financial innovation opportunities at an Internet scale. Further information is available at Circle.com.