Thunes Joins Circle Payments Network to Enhance Global Payment Interoperability
In an exciting development within the financial technology sector, Thunes has officially joined the Circle Payments Network (CPN) Managed Payments. This strategic collaboration marks a significant step towards achieving complete interoperability in the global payment landscape, bridging traditional banking, mobile wallets, and digital asset ecosystems.
By becoming part of CPN Managed Payments, Thunes is enabling its clients to access advanced payment capabilities, specifically through the use of stablecoins for transaction settlements. This integration allows users to continue operating within their existing fiat currency workflows, thereby streamlining financial operations. The essence of this partnership lies in Thunes' vision to eliminate barriers in money movement, facilitating swift and seamless transactions comparable to the exchange of information.
The collaboration between Thunes and Circle is built on a solid foundation of innovation dating back to 2024, when both entities first combined forces to pioneer the adoption of liquidity powered by stablecoins. Over the years, they have successfully integrated USDC into Thunes' Direct Global Network, revolutionizing liquidity management across more than 140 countries. This integration has effectively eliminated traditional banking constraints, such as banking hours and the need for large pre-deposits in local accounts.
For Thunes’ clients, including banks and money transfer operators, 24/7 pre-funding is now possible, thus ensuring liquidity management at all hours and real-time funding, regardless of banking schedules. Furthermore, this partnership has freed up millions in working capital that were previously stuck in inactive accounts. The unparalleled reach provided by the integration connects an extensive network of mobile wallets and stablecoin wallets, totaling around 12 billion, along with direct access to 15 billion cards and over 220 payment methods globally, from popular platforms like GCash and M-Pesa to fintech solutions.
Chloé Mayenobe, Thunes' Deputy Chief Executive Officer, expressed enthusiasm about this milestone, stating, "Joining CPN Managed Payments is the natural progression towards realizing true payment interoperability on a global scale. Our primary goal has always been to eradicate obstacles to money movement. By fortifying our longstanding partnership with Circle, we ensure that whether a customer is using a traditional bank account in Europe, a mobile wallet in Africa, or digital assets in Asia, their experience remains rapid, secure, and virtually seamless. We are constructing the bridge between these diverse universes to foster the future of the global economy."
Nikhil Chandhok, Chief Product and Technology Officer at Circle, recognized Thunes for its global payment connectivity expertise and operational scalability. He noted, "Thunes brings a wealth of experience in payment connectivity and operational scale. Their expertise across various payment ecosystems provides us with valuable insights as we continue to develop the Circle Payments Network and broaden access to stablecoin settlements for financial institutions worldwide."
About Thunes
Thunes operates as an intelligent superhighway for money transfer globally. Their Direct Global Network allows members to execute real-time payment transactions across more than 140 countries, supported by over 90 currencies. This extensive network connects directly to a staggering range of mobile wallets, stablecoin wallets, and banking accounts around the globe, showcasing their cutting-edge treasury systems and compliance platforms. Major players in the gig economy, such as Uber and Deliveroo, as well as fintech companies and banks, are already utilizing Thunes' services, which underscores their reputation as a leader in the sector.
About Circle
Circle stands as a prominent global player in online financial platforms, committed to building a more open economy through programmable blockchain infrastructures and digital assets. The Circle platform encompasses the world's largest stablecoin network, with USDC at its core, along with global money transfer capabilities and a business-focused blockchain, Arc. Circle empowers businesses and financial institutions to foster reliable financial innovation on a global scale.
In conclusion, the partnership between Thunes and Circle Payments signifies a transformative leap in the payment processing industry. With their combined technological advancements and shared objectives, they are poised to redefine the future of international payment systems, ensuring that transfers are not only efficient but also accessible to a broader audience. For more information on their services, visit Thunes at https://www.thunes.com/.
By becoming part of CPN Managed Payments, Thunes is enabling its clients to access advanced payment capabilities, specifically through the use of stablecoins for transaction settlements. This integration allows users to continue operating within their existing fiat currency workflows, thereby streamlining financial operations. The essence of this partnership lies in Thunes' vision to eliminate barriers in money movement, facilitating swift and seamless transactions comparable to the exchange of information.
The collaboration between Thunes and Circle is built on a solid foundation of innovation dating back to 2024, when both entities first combined forces to pioneer the adoption of liquidity powered by stablecoins. Over the years, they have successfully integrated USDC into Thunes' Direct Global Network, revolutionizing liquidity management across more than 140 countries. This integration has effectively eliminated traditional banking constraints, such as banking hours and the need for large pre-deposits in local accounts.
For Thunes’ clients, including banks and money transfer operators, 24/7 pre-funding is now possible, thus ensuring liquidity management at all hours and real-time funding, regardless of banking schedules. Furthermore, this partnership has freed up millions in working capital that were previously stuck in inactive accounts. The unparalleled reach provided by the integration connects an extensive network of mobile wallets and stablecoin wallets, totaling around 12 billion, along with direct access to 15 billion cards and over 220 payment methods globally, from popular platforms like GCash and M-Pesa to fintech solutions.
Chloé Mayenobe, Thunes' Deputy Chief Executive Officer, expressed enthusiasm about this milestone, stating, "Joining CPN Managed Payments is the natural progression towards realizing true payment interoperability on a global scale. Our primary goal has always been to eradicate obstacles to money movement. By fortifying our longstanding partnership with Circle, we ensure that whether a customer is using a traditional bank account in Europe, a mobile wallet in Africa, or digital assets in Asia, their experience remains rapid, secure, and virtually seamless. We are constructing the bridge between these diverse universes to foster the future of the global economy."
Nikhil Chandhok, Chief Product and Technology Officer at Circle, recognized Thunes for its global payment connectivity expertise and operational scalability. He noted, "Thunes brings a wealth of experience in payment connectivity and operational scale. Their expertise across various payment ecosystems provides us with valuable insights as we continue to develop the Circle Payments Network and broaden access to stablecoin settlements for financial institutions worldwide."
About Thunes
Thunes operates as an intelligent superhighway for money transfer globally. Their Direct Global Network allows members to execute real-time payment transactions across more than 140 countries, supported by over 90 currencies. This extensive network connects directly to a staggering range of mobile wallets, stablecoin wallets, and banking accounts around the globe, showcasing their cutting-edge treasury systems and compliance platforms. Major players in the gig economy, such as Uber and Deliveroo, as well as fintech companies and banks, are already utilizing Thunes' services, which underscores their reputation as a leader in the sector.
About Circle
Circle stands as a prominent global player in online financial platforms, committed to building a more open economy through programmable blockchain infrastructures and digital assets. The Circle platform encompasses the world's largest stablecoin network, with USDC at its core, along with global money transfer capabilities and a business-focused blockchain, Arc. Circle empowers businesses and financial institutions to foster reliable financial innovation on a global scale.
In conclusion, the partnership between Thunes and Circle Payments signifies a transformative leap in the payment processing industry. With their combined technological advancements and shared objectives, they are poised to redefine the future of international payment systems, ensuring that transfers are not only efficient but also accessible to a broader audience. For more information on their services, visit Thunes at https://www.thunes.com/.
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Topics Financial Services & Investing）
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