#Abu Dhabi #UAE #Thunes #First Abu Dhabi Bank #Cross-Border Payments

Thunes and First Abu Dhabi Bank Join Forces for Real-Time Payments

In a significant move to enhance cross-border financial transactions, Thunes, known as the Smart Superhighway for global money movement, has partnered with the First Abu Dhabi Bank (FAB), the UAE's leading bank, to offer real-time cross-border payments and mobile wallet services. This collaboration is poised to revolutionize the way customers manage international transactions, reinforcing financial connectivity across borders.

Thunes and FAB are integrating their technologies to enable customer transactions in real-time across more than 130 countries. With this newly launched service, FAB customers can expect immediate and transparent international payments, made accessible at their fingertips. This innovative solution is aligned with the UAE's vision for enhanced financial infrastructure and digital transformation initiated by national strategies, notably the “We the UAE 2031” initiative and the “Central Bank's Financial Infrastructure Transformation (FIT)” program.

Simon Nelson, Chief Commercial Officer at Thunes, expressed enthusiasm for the collaboration, stating, "First Abu Dhabi Bank joining our Direct Global Network is a clear vote of confidence in Thunes' ability to deliver global interoperability at scale. Together, we are making cross-border payments faster and easier for everyone." This partnership signals a strong commitment from both organizations to facilitate easy access to next-generation payment platforms, boosting financial inclusion in the region.

Enhancing Customer Experience

As globalization continues to shape economies around the world, companies like Thunes and FAB are stepping up to meet rising demands for effective financial services. With direct connectivity to over 7 billion global mobile wallets, bank accounts, and various payment methods, Thunes offers a comprehensive network that ensures efficient payment solutions. This development highlights an urgent need for faster payment systems, reflecting the rapid progression of digital payment trends in the Middle East.

The collaboration between Thunes and FAB is not only essential for enhancing payment capabilities but also for establishing a safer and more reliable financial ecosystem. By providing a state-of-the-art payment structure, they aim to transform the cross-border transaction experience with an emphasis on speed, scalability, and client satisfaction.

Future Implications

Looking towards the future, this partnership holds immense potential for further innovation within the financial technology landscape. Both Thunes and FAB are committed to pushing the envelope by expanding their services and solutions in the Middle East. They foresee this collaboration fostering a culture of extensive digital engagement and creating fertile ground for new financial offerings.

As they push for a more interoperable digital economy, their partnership is sure to set new standards for what customers can expect from cross-border payment systems. The ability to send money instantly, universally, and efficiently will push towards a unified global market, breaking down barriers previously faced by traditional banking systems.

In conclusion, this pioneering partnership establishes Thunes as a trusted leader in cross-border payment solutions, and it positions FAB at the forefront of financial innovation in the region. Their joint efforts are expected to reshape international payment dynamics in the Middle East, providing customers with unprecedented ease and flexibility in managing their finances across geographical boundaries.

For more information about Thunes and its services, visit their official site Thunes.