#None #Thunes #Nordic Payments #Direct Global Network

Thunes' Expansion in the Nordic Region: A New Era for Direct Payments

Thunes, often referred to as the Smart Superhighway for money transfers globally, has made significant strides by expanding its Direct Global Network to include Denmark, Norway, and Sweden. This strategic move enables Thunes' members to conduct direct payments to bank accounts in these countries rapidly and without relying on traditional legacy channels. This development not only enhances the efficiency of transactions but also taps into the burgeoning market of cross-border payments in the Nordic region.

The recent expansion means that Thunes' members can now utilize direct Pay-to-Bank services specifically designed for these countries. With the addition of new direct corridors, payments can now be efficiently disbursed in local currencies—Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK). This is particularly important given the Nordic region's vast export potential, estimated to exceed $600 billion by 2024, coupled with a projected $5.4 billion in incoming remittances for 2023, as highlighted by the World Bank.

Using a robust API integration, Thunes leverages its SmartX Treasury system and Fortress Compliance Platform to offer enhanced features such as speed, control, transparency, safety, and cost efficiency for all cross-border payments.

Aik Boon Tan, Thunes' Chief Network Officer, expressed the significance of this expansion, stating, “This is a notable advancement for Thunes and our members, reinforcing our commitment to delivering seamless and reliable real-time cross-border payment solutions worldwide. By extending our proprietary Direct Global Network into the Nordic region, we provide a modern alternative to outdated systems, ensuring that payments to Denmark, Norway, and Sweden are executed with maximum speed, security, and operational efficiency.”

Chloé Mayenobe, the President and COO of Thunes, emphasized the benefits this new offering brings, “The introduction of direct bank payouts in the Nordic countries expands our network’s reach and provides unparalleled value for all our members. By establishing real-time payout corridors in Denmark, Norway, and Sweden, we empower businesses and individuals to conduct faster, more transparent, and cost-effective transactions. This expansion marks a strategic milestone in our mission to connect every corner of the world and reinforces our promise to deliver state-of-the-art, reliable global payment solutions.”

Thunes is thus not only responding to existing market demand but also anticipating the future needs of users and businesses looking for reliable cross-border payment options. The robust global Direct Global Network can now serve as a backbone for seamless bank payouts in the Nordic countries, catering to a dynamic market eager for real-time payment solutions.

Established in Singapore, Thunes has positioned itself as a formidable player in the global payments landscape. With the ability to facilitate transactions across over 130 countries and more than 80 currencies, the network connects to over 7 billion mobile wallets and bank accounts, and incorporates more than 320 diverse payment methods from services like GCash, M-Pesa, and WeChat Pay. As the demand for quick and efficient payment solutions continues to grow, Thunes remains at the forefront, providing innovative services that meet the evolving needs of its global clientele.