Thunes Joins Circle Payments Network to Boost Global Payment Interoperability
In an exciting development for the global finance ecosystem, Thunes, recognized as the 'Smart Superhighway' for cross-border money transfers, has officially joined the Circle Payments Network (CPN) Managed Payments. This strategic move marks a significant step towards achieving complete interoperability within the international payment landscape, bridging the gaps between traditional banking, mobile wallets, and the burgeoning digital assets ecosystem.
Through this collaboration, Thunes aims to provide its customers with access to the CPN Managed Payments service, which will facilitate settlement functions utilizing stablecoins. This advancement allows users to maintain existing workflows based on fiat currencies while enabling nearly instant transactions via stablecoin integration. The commitment to making every payment system interoperable, regardless of the underlying technology, underscores Thunes's vision for a seamless flow of money akin to information.
The partnership between Thunes and Circle isn't new; it builds upon a foundation laid in 2024 when both companies began their journey as early adopters of stablecoin liquidity. Their efforts have since focused on the integration of USDC—Circle's USD-backed stablecoin—into Thunes’s Direct Global Network, transforming liquidity management across more than 140 countries.
By leveraging USDC for transactions, Thunes has effectively eliminated the constraints imposed by traditional banking hours and the need for extensive pre-funding in local nostro accounts. This evolution benefits Thunes’s members, including banks, gig economy platforms, and remittance providers, in multiple ways:
24/7 Pre-funding: Clients can now achieve round-the-clock liquidity management and real-time funding irrespective of conventional banking hours.
Capital Efficiency: Businesses can liberate millions in operational capital that was previously tied up in dormant accounts.
Unmatched Reach: The integration links over 12 billion mobile and stablecoin wallets, along with bank accounts, utilizing the speed and transparency of blockchain technology.
Chloé Mayenobe, Deputy CEO of Thunes, shared insights into their vision: "Joining CPN Managed Payments represents the logical next step in making the world’s payment systems truly interoperable. Our mission has always been to eliminate the barriers of transaction flows. By deepening our long-standing relationship with Circle, we ensure that the user experience remains fast, secure, and seamless, whether involving a traditional bank account in Europe, a mobile wallet in Africa, or digital assets in Asia. We are building the bridge between these worlds to support the future of the global economy."
Nikhil Chandhok, Chief Product and Technology Officer at Circle, commented on the partnership, citing Thunes’s extensive expertise in global payment connectivity and operational scalability as key assets. He highlighted how Thunes's experience across diverse payment ecosystems brings valuable insights as the Circle Payments Network evolves, further expanding access to stablecoin-based settlements for financial institutions globally.
About Thunes:
Thunes operates the Smart Superhighway for global money transfers, allowing members to process real-time payments in over 140 countries and across more than 90 currencies. Its Direct Global Network connects members directly to over 12 billion mobile wallets, stablecoin wallets, and bank accounts, alongside 15 billion cards through more than 220 different payment methods, including GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay HK, and many more. Thunes's network is characterized by its extensive reach and its proprietary SmartX Treasury System and Fortress Compliance Platform, ensuring unparalleled speed, control, transparency, security, and cost-effectiveness for its members worldwide.
About Circle Internet Group (Circle):
Circle stands at the forefront of the internet financial platform landscape, creating an open global economy through programmable blockchain infrastructures, digital assets, and payment applications. Circle’s platform features the world’s largest stablecoin network based on USDC, the Circle Payments Network for global money transfers, and Arc, a blockchain tailored for businesses, aspiring to become the economic operating system of the internet. Businesses, financial institutions, and developers leverage Circle to drive trusted financial innovations at internet scale.
For further details, visit Circle's website or Thunes's website.
Through this collaboration, Thunes aims to provide its customers with access to the CPN Managed Payments service, which will facilitate settlement functions utilizing stablecoins. This advancement allows users to maintain existing workflows based on fiat currencies while enabling nearly instant transactions via stablecoin integration. The commitment to making every payment system interoperable, regardless of the underlying technology, underscores Thunes's vision for a seamless flow of money akin to information.
The partnership between Thunes and Circle isn't new; it builds upon a foundation laid in 2024 when both companies began their journey as early adopters of stablecoin liquidity. Their efforts have since focused on the integration of USDC—Circle's USD-backed stablecoin—into Thunes’s Direct Global Network, transforming liquidity management across more than 140 countries.
By leveraging USDC for transactions, Thunes has effectively eliminated the constraints imposed by traditional banking hours and the need for extensive pre-funding in local nostro accounts. This evolution benefits Thunes’s members, including banks, gig economy platforms, and remittance providers, in multiple ways:
24/7 Pre-funding: Clients can now achieve round-the-clock liquidity management and real-time funding irrespective of conventional banking hours.
Capital Efficiency: Businesses can liberate millions in operational capital that was previously tied up in dormant accounts.
Unmatched Reach: The integration links over 12 billion mobile and stablecoin wallets, along with bank accounts, utilizing the speed and transparency of blockchain technology.
Chloé Mayenobe, Deputy CEO of Thunes, shared insights into their vision: "Joining CPN Managed Payments represents the logical next step in making the world’s payment systems truly interoperable. Our mission has always been to eliminate the barriers of transaction flows. By deepening our long-standing relationship with Circle, we ensure that the user experience remains fast, secure, and seamless, whether involving a traditional bank account in Europe, a mobile wallet in Africa, or digital assets in Asia. We are building the bridge between these worlds to support the future of the global economy."
Nikhil Chandhok, Chief Product and Technology Officer at Circle, commented on the partnership, citing Thunes’s extensive expertise in global payment connectivity and operational scalability as key assets. He highlighted how Thunes's experience across diverse payment ecosystems brings valuable insights as the Circle Payments Network evolves, further expanding access to stablecoin-based settlements for financial institutions globally.
About Thunes:
Thunes operates the Smart Superhighway for global money transfers, allowing members to process real-time payments in over 140 countries and across more than 90 currencies. Its Direct Global Network connects members directly to over 12 billion mobile wallets, stablecoin wallets, and bank accounts, alongside 15 billion cards through more than 220 different payment methods, including GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay HK, and many more. Thunes's network is characterized by its extensive reach and its proprietary SmartX Treasury System and Fortress Compliance Platform, ensuring unparalleled speed, control, transparency, security, and cost-effectiveness for its members worldwide.
About Circle Internet Group (Circle):
Circle stands at the forefront of the internet financial platform landscape, creating an open global economy through programmable blockchain infrastructures, digital assets, and payment applications. Circle’s platform features the world’s largest stablecoin network based on USDC, the Circle Payments Network for global money transfers, and Arc, a blockchain tailored for businesses, aspiring to become the economic operating system of the internet. Businesses, financial institutions, and developers leverage Circle to drive trusted financial innovations at internet scale.
For further details, visit Circle's website or Thunes's website.
Topics Financial Services & Investing）
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