Thunes and Hyperwallet Enhance Payment Solutions for Asia-Pacific Merchants

Thunes and Hyperwallet Join Forces to Transform Payment Access in Asia-Pacific

In a significant leap forward for merchants in the Asia-Pacific region, Thunes has officially welcomed Hyperwallet, a renowned PayPal service, into its innovative Direct Global Network. This collaboration, announced on January 14, 2025, stands to revolutionize how businesses access and manage their payout capabilities across various markets.

Thunes, often termed the "Smart Superhighway" for global money transfers, is poised to enhance Hyperwallet's offerings, enabling seamless real-time money transfers directly to over 450 million mobile wallets and bank accounts in key markets such as Bangladesh, Indonesia, Malaysia, the Philippines, South Korea, and Vietnam. These advancements come at a crucial time, given that the Asia-Pacific region accounts for a staggering 70% of the world's digital wallet expenditures, as highlighted in a recent Deloitte report on cross-border payments.

The partnership serves not just to modernize payment options but also to empower an extensive merchant base, from globally recognized ride-hailing companies to expansive social media platforms and marketplaces. Floris de Kort, CEO of Thunes, emphasized the transformative potential of this alliance, stating, "Incorporating PayPal's Hyperwallet into our network underscores our capability to augment valuable features for leading fintechs."

Thunes' strategy includes leveraging its robust global network that connects to over 7 billion bank and mobile wallet accounts, enabling Hyperwallet to deepen its reach in rapidly developing markets. The SmartX Treasury System and Fortress Compliance Platform further enhance Thunes' offerings, ensuring the secure, efficient, and transparent transmission of funds across borders.

Each market within the APAC region comes with unique preferences and challenges regarding payout methods. Thunes recently investigated this dynamic environment through its publication, "From Cash to QR Codes: Unpacking Southeast Asia's Diverse Payments Culture." This study reveals varying adoption rates of digital wallet usage, with over 30% in Indonesia and the Philippines, indicative of the dramatic shift towards digital payments.

Thunes' Direct Global Network continues to be defined by its wide-reaching capabilities, with proprietary technology ensuring efficiency and reliability for its members. The network supports more than 320 distinct payment methods, encompassing major platforms such as GCash, M-Pesa, AliPay, and WeChat Pay, among others.

Headquartered in Singapore, Thunes maintains a global footprint with offices in 14 locations, including significant cities like San Francisco, London, and Hong Kong. This expansive presence reinforces Thunes' commitment to delivering streamlined payment solutions worldwide.

This partnership with Hyperwallet not only signifies a commitment to enhancing financial transactions for merchants but also illustrates a broader trend toward collaborative efforts among fintech companies to reshape the future of payment processing. As the Asia-Pacific market continues to evolve, the significance of such collaborations will only grow, paving the way for innovative solutions that cater to diverse consumer needs across the region.

To learn more about these exciting developments and the future of payments in the Asia-Pacific region, visit the official Thunes website for in-depth insights and updates.

This article highlights the importance of recognizing and addressing the rapid changes in payment technologies, particularly in vibrant markets like those in Asia-Pacific.