Thunes Partners with First Abu Dhabi Bank for Payment Innovations
First Abu Dhabi Bank to deliver international payouts including mobile wallets through Thunes' Direct Global Network.
Thunes, renowned as a Smart Superhighway for global money movement, has announced a significant partnership with First Abu Dhabi Bank (FAB), one of the world's largest and safest financial institutions. This collaboration aims to revolutionize the way international payments are made from the UAE.
The pivotal partnership will enable FAB customers to make real-time payments across more than 130 countries seamlessly. This advancement is set to enhance the transparency, efficiency, and accessibility of international payment solutions for clients.
At the heart of this initiative lies a commitment to the national goals exemplified by visionary programs such as 'We the UAE 2031' and the 'Financial Infrastructure Transformation (FIT)' initiative by the Central Bank. These programs are geared towards fostering a culture of digital economy, ensuring interoperability, and promoting financial inclusion.
Simon Nelson, the Chief Commercial Officer at Thunes, emphasized how crucial this collaboration is for the industry: "The inclusion of First Abu Dhabi Bank in our Direct Global Network showcases our ability to provide comprehensive global interoperability. We are excited to bring faster and more user-friendly cross-border payments to the market."
This alliance is more than just a technological interplay; it reflects a mutual dedication to enhancing access to contemporary payment solutions around the globe. Thunes is not only recognized for its extensive network coverage but also for its proficiency in real-time transaction capabilities. This partnership enables a modern payment experience characterized by a focus on speed, scalability, and customer satisfaction.
About Thunes:
Thunes serves as a Smart Superhighway designed to facilitate global money movement. The company's proprietary Direct Global Network empowers members to execute real-time payments across over 130 countries and more than 80 currencies. By connecting to over 7 billion mobile wallets, stablecoin wallets, and bank accounts globally, along with integration with 15 billion cards through more than 320 payment methods, Thunes stands out as a leading provider in cross-border payment systems.
Frequently Asked Questions
What is the primary goal of the Thunes and FAB partnership?
The partnership aims to enhance cross-border payment capabilities, enabling FAB customers to send real-time payments to over 130 countries.
How does the Thunes Direct Global Network work?
Thunes' Direct Global Network allows users to make real-time payments in various currencies, connecting to mobile wallets and bank accounts globally.
What innovations are expected from this collaboration?
This collaboration is expected to introduce faster, more efficient international payment solutions that are easily accessible to customers.
How does this initiative align with national goals?
The initiative aligns with national objectives such as financial inclusion and digital innovation, supporting programs like 'We the UAE 2031'.
What makes Thunes a trusted partner in payments?
Thunes has been recognized for its extensive network coverage and real-time transaction capabilities, making it a leader in payment innovation worldwide.
