Partnership Between Thunes and First Abu Dhabi Bank
Thunes, widely known as a Smart Superhighway for moving money globally, has entered into a strategic partnership with First Abu Dhabi Bank (FAB). This collaboration aims to enhance the bank's service offerings, particularly in international remittances, enabling mobile wallet payouts through Thunes' Direct Global Network.
Enhancing Payment Solutions
By integrating Thunes' technology, FAB customers will soon have the capability to send real-time payments across over 130 countries. This development is expected to transform international payment solutions, making them more efficient, transparent, and accessible.
Supporting National Initiatives
The partnership aligns with national strategies aimed at boosting financial innovation and inclusion in the region. Initiatives such as 'We the UAE 2031' and the Central Bank's Financial Infrastructure Transformation (FIT) program underscore the commitment to creating a dynamic digital landscape.
Quotes from Leadership
Simon Nelson, Chief Commercial Officer at Thunes, expressed enthusiasm about the partnership, stating, "The inclusion of First Abu Dhabi Bank in our Direct Global Network signifies a strong endorsement of Thunes' capabilities. Together, we are simplifying cross-border payments for users around the world." This statement reflects the shared goals of both organizations to advance payment technologies.
Future of Cross-Border Payments
The alliance aims to position both Thunes and FAB at the forefront of payment innovations. Thunes' established network is recognized for its extensive coverage and real-time payment capabilities. As they work together, they're set to provide customers in the UAE with a contemporary payment experience marked by speed and customer focus.
About Thunes
Thunes serves as an efficient platform for international monetary transactions, boasting a vast network that connects with over 7 billion mobile wallets and bank accounts. With the ability to handle payments in real-time across 130 countries and multiple currencies, Thunes has established itself as a leading entity in the cross-border payment space. The company's versatile payment methods ensure inclusivity and accessibility on a global scale.
Frequently Asked Questions
What is the partnership between Thunes and First Abu Dhabi Bank?
The partnership focuses on enabling international mobile wallet payouts through Thunes' Direct Global Network, enhancing payment solutions for FAB customers.
How many countries will FAB customers be able to send payments to?
FAB customers will soon be able to send real-time payments across more than 130 countries.
What are the benefits of this collaboration?
This partnership aims to improve efficiency, transparency, and accessibility in international payments for customers.
What initiatives support this partnership?
The collaboration aligns with national initiatives such as 'We the UAE 2031' and the Financial Infrastructure Transformation (FIT) program.
What does Thunes offer?
Thunes provides a global payment network that enables real-time transactions in various currencies and connects to billions of wallets and bank accounts around the world.
