#Singapore #Thunes #Gig Economy #Cross-Border Payments

Thunes Revolutionizes Cross-Border Payments for the Gig Economy

In a monumental shift for how gig and remote workers are compensated, Thunes has introduced a groundbreaking solution directly addressing the challenges of cross-border payouts. The company, branded as the Smart Superhighway for global financial transactions, has optimized the process, ensuring that businesses can now make payments to overseas teams, freelancers, and gig workers instantly and efficiently.

Instant Payments Across 140 Countries

Thunes' innovative platform provides real-time payment solutions that interface seamlessly with a staggering 12 billion bank accounts, mobile wallets, and stablecoin wallets around the globe. This service is available 24/7 and covers transactions across 140 countries, reflecting Thunes' commitment to making financial transactions as effortless as possible. By implementing a single API for this service, businesses can eliminate the cumbersome technical complexities that typically accompany cross-border payments.

Addressing the Challenges of Global Payments

As the gig economy continues to expand rapidly, so too do the challenges associated with compensating this workforce. Currently, 90% of gig workers emphasize the necessity for speedy access to their earnings, underscoring the urgency for solutions that offer quick payouts. Traditional payment methods in many regions are slow and fragmented, creating significant obstacles for freelancers and companies alike. Thunes addresses this issue head-on by enabling unique connections to local payment systems such as M-Pesa, Alipay, and GCash. This adaptability not only enhances payment convenience but also facilitates easy access to funds, reducing wait times dramatically.

Moreover, with the introduction of stablecoin payments, workers operating in economies with volatile local currencies can receive their wages in a more stable format, ensuring the value of their labor remains consistent despite fluctuating exchange rates. This feature empowers remote workers, providing them with greater financial stability and peace of mind.

Simplifying Global Payment Logistics

Thunes has effectively transformed a once-complicated global logistics network into a streamlined one, allowing companies to disperse payments to workers exactly when and where they need them. The impact of this innovative solution is already apparent among Thunes' clients, who range from international payroll services to organizations operating in hard-to-reach markets. It is instrumental in carrying out overseas payroll operations, managing gig-working platforms, issuing quick refunds for e-commerce transactions, and processing insurance claims seamlessly.

Thomas McAllister, the Chief Revenue Officer of Ontop, a global payroll business, remarked on the complexities of managing payroll for a dispersed workforce in today’s dynamic economic environment. He emphasized, "Thunes simplifies this through real-time payments across borders, benefiting our clients by ensuring their employees receive timely payments in their preferred formats."

Elie Bertha, Thunes' Chief Product Officer, explained the growing need for speed and transparency in payment systems, especially in the rapidly evolving gig economy. With the launch of their direct-to-global-workforce solution, Thunes empowers businesses to fulfill modern workers' demands by providing immediate access to their earnings and maintaining full transparency throughout the process, regardless of where the worker is located.

About Thunes

Founded with the goal of creating a seamless money transfer system across nations, Thunes boasts a proprietary Direct Global Network capable of real-time payments in over 140 countries and more than 90 different currencies. This extensive network connects directly to billions of mobile wallets and bank accounts worldwide, and supports over 220 payment methods, offering businesses unparalleled control, visibility, and efficiency when executing financial transactions globally.

The company's reach is vast, with notable members including major players in the gig economy such as Uber and Deliveroo, as well as various fintech applications and banking institutions. Headquartered in Singapore, Thunes maintains a presence in 14 international offices, including key global cities such as San Francisco, London, and Hong Kong. As the gig economy evolves, Thunes is poised to lead the charge in facilitating efficient cross-border payments that empower workers worldwide.