#San Jose #Costa Rica #Thunes #Banco Cathay #Pay-to-Wallet

Thunes and Banco Cathay Transform Cross-Border Payments

In an exciting announcement, Thunes has unveiled a significant advancement in cross-border payments by launching the Pay-to-Wallet solution in collaboration with Banco Cathay of Costa Rica. This strategic partnership signifies a leap forward in facilitating digital payments, offering greater accessibility to users in regions where mobile wallets are widely utilized.

Thunes has positioned itself as a global facilitator of financial transactions through its service termed the Smart Superhighway, designed to streamline the movement of money internationally. With its newly activated Pay-to-Wallet technology, Banco Cathay is poised to enhance its offerings, allowing for efficient digital disbursements across various markets.

How Does Pay-to-Wallet Work?

The innovative Pay-to-Wallet solution enables any financial institution connected to the Swift network to easily join Thunes' Direct Global Network. This feature unlocks a pathway for rapid, transparent, and secure transactions to mobile wallets, minimizing the operational hurdles typically associated with such systems. Each transaction benefits from the robust infrastructure provided by Thunes’ SmartX Treasury System and Fortress Compliance Platform, guaranteeing end-to-end control and security.

Chloé Mayenobe, Deputy CEO at Thunes, expressed her enthusiasm regarding the launch: "The Pay-to-Wallet solution empowers financial institutions globally, allowing them to leverage their existing Swift connections to access our Direct Global Network and facilitate instantaneous payments to billions of mobile wallets around the world. Our partnership with Banco Cathay demonstrates the potential that lies in blending traditional banking with next-generation payment systems; it’s a vital step forward in achieving financial inclusion."

Franklin Wang, Commercial Manager at Banco Cathay, echoed this optimism, stating, "We are excited to introduce this powerful capability, which allows us to provide faster and more accessible cross-border payment solutions for our customers aiming to send money to mobile wallets."

This collaboration reflects Thunes' ongoing commitment to inclusivity in the financial landscape, aiming to deliver modern payment services to populations that are often underserved or reliant on mobile-first economic structures. By bridging the gap between conventional banking frameworks and mobile wallet ecosystems, Thunes and its collaborators are setting the stage for a transformative era in global payment solutions.

About Thunes

Thunes boasts a proprietary Direct Global Network that enables members to transact in real-time across over 130 countries and in more than 80 global currencies. Their expansive network integrates directly with over 7 billion mobile wallets, stablecoin wallets, and bank accounts across the globe, in addition to connecting with over 15 billion cards through more than 320 different payment methods, which include popular platforms like GCash, M-Pesa, and WeChat Pay.

With its headquarters in Singapore, Thunes operates from 14 office locations worldwide, reinforcing its mission to enhance payment services on a global scale. For further details, visit Thunes' Website.

About Banco Cathay of Costa Rica

Banco Cathay has established itself as a pioneering financial institution in Costa Rica since its inception in 1998. Over the years, it has cultivated a reputation for high-quality service, a diverse product range, and strong technological support. Importantly, it is known for its close ties to the Oriental community in the country, fostering a sense of trust and confidence among its customers due to its culturally responsive staff.

For more information, please visit Banco Cathay's Website.