#Singapore #Thunes #Global Payments #Circle Payments

Thunes Enters Circle Payments Network for Improved Payment Interoperability

In a significant shift for the global financial landscape, Thunes, a company committed to transforming how money is transferred around the world, has announced its membership in the Circle Payments Network (CPN) Managed Payments. This partnership is not just a collaboration; it marks a pivotal step towards achieving full interoperability across financial systems, bridging traditional banking infrastructure, mobile wallets, and digital asset ecosystems.

What Does This Mean for Payments?

By joining the CPN, Thunes will allow its customers to access advanced payment options powered by stablecoin technology. This development provides the capability for near-instant settlement, streamlining the transaction process while allowing users to operate within the comfort of existing fiat-based systems. In essence, Thunes is working tirelessly to ensure that all forms of currency—be it traditional money, mobile funds, or digital assets—can move seamlessly across borders and platforms, akin to transmitting information.

Building on a Solid Foundation: The Thunes and Circle Partnership

The collaboration between Thunes and Circle is not entirely new; it stems from a burgeoning relationship initiated back in 2024. They were early adopters of using stablecoin liquidity—specifically USDC—integrating it into Thunes’ Direct Global Network. This integration has redefined how liquidity is managed across a staggering 140 countries, enabling near-real-time settlements and doing away with traditional banking limitations.

How This Affects Users: Key Benefits

1. 24/7 Availability: With continuous liquidity management, users can conduct transactions at any time without the constraints posed by conventional banking hours.
2. Improved Capital Efficiency: Funds that were previously tied up in dormant accounts can now be utilized more effectively, fostering greater financial fluidity.
3. Wider Access: The network connects an incredible 12 billion mobile and stablecoin wallets and bank accounts, allowing customers to harness the speed and transparency of blockchain technology.

Voices from Leadership

Chloé Mayenobe, the Deputy CEO of Thunes, expressed enthusiasm about this leap towards interoperability, saying, "Joining CPN Managed Payments is a logical progression in our endeavor to make payment systems around the world seamlessly connected. Our mission has always been to eliminate the barriers associated with money transfers." She continued, stating that regardless of whether a user operates from a traditional European bank, a mobile wallet in Africa, or utilizes digital assets in Asia, the payment experience should consistently be swift, secure, and seamless.

Echoing this sentiment, Nikhil Chandhok, Chief Product and Technology Officer at Circle, acknowledged Thunes’ operational scale and expertise in global payment connectivity. He noted how Thunes' experience across various payment ecosystems enriches their collaborative efforts to enhance access to stablecoin-powered settlements for financial institutions worldwide.

About Thunes: Revolutionizing Payments

Thunes stands as a beacon of innovation, with its proprietary Direct Global Network facilitating real-time payments across 140 countries and 90 currencies. The platform connects directly to over 12 billion wallets and bank accounts around the globe, utilizing more than 220 different payment methods, including popular services like GCash, M-Pesa, and Alibaba’s WeChat Pay. With its headquarters in Singapore and additional offices in major cities worldwide, Thunes exemplifies the future of global finance.

About Circle: Pioneering Financial Innovation

Circle, a front-runner in the internet financial platform arena, specializes in creating an open global economy powered by programmable blockchain infrastructure and digital assets. Their robust offerings, including the Circle Payments Network and the world’s largest stablecoin network anchored by USDC, position them as key players in the next evolution of payment technology.

Conclusion

The integration of Thunes into the Circle Payments Network heralds a new era for global payment interoperability. With a keen eye on eliminating borders in money movement, this partnership stands as a testament to the shared vision of both companies to innovate and simplify financial transactions worldwide, ensuring that money flows as easily as communication in our increasingly interconnected world.