Thunes and Papara Join Forces for Enhanced Money Transfers
Papara has impressively engaged over 21 million users in its digital ecosystem, enabling seamless transactions across five continents. This growth is further backed by its recent alliance with Thunes, enhancing its cross-border transfer capabilities significantly.
Transforming Cross-Border Transactions
Thunes, known as the Smart Superhighway for global money transfers, has officially welcomed Papara, Türkiye's foremost fintech player, into its expansive Direct Global Network. This partnership is a groundbreaking step aimed at facilitating international payments to and from Türkiye, allowing Papara users to effortlessly send money into an astounding 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards, spanning over 80 different currencies across more than 130 countries.
This cooperation marks a significant milestone, providing fast, user-friendly, and cost-effective international money transfers directly into Papara accounts. It’s the first instance of such extensive service being offered in Türkiye, broadening the financial horizons for its users.
Driving Innovation in Financial Services
Boasting an impressive user base, Papara is positioned uniquely to offer comprehensive digital services that cater to a variety of financial transaction needs, both domestically and internationally. With this new partnership, members of Thunes’ Direct Global Network can send funds to Papara accounts in real-time, creating a more efficient and streamlined money transfer process for users across the region.
Utilizing Thunes' advanced SmartX Treasury System and Fortress Compliance Platform, network members benefit from unprecedented speed, control, and visibility of their transactions, all while enjoying enhanced protection and cost efficiency in real-time payments.
Testimonials from Industry Leaders
Simon Nelson, Chief Revenue Officer at Thunes expressed, "We are thrilled to welcome Papara as a vital member of our Direct Global Network. This partnership empowers Papara users in Türkiye to send money across Africa, Asia, Europe, the Middle East, as well as North and South America, reinforcing Papara's commitment to providing exceptional international money transfer services."
Aik Boon Tan, Chief Network Officer at Thunes added, "Our collaboration with Papara expands our reach significantly into Türkiye's fintech landscape. By enabling direct transfers to Papara accounts, we are dismantling traditional payment barriers and enhancing the efficiency of cross-border transactions, serving the needs of our network members in a better way."
Emre Kenci, CEO of Papara, shared his excitement for the partnership stating, "Thunes’ innovative approach tremendously boosts Papara’s capabilities in cross-border payments, allowing our users to receive funds from around the globe directly into their accounts. This is a substantial advancement as we work to improve our global money transfer services. Our partnership enriches our digital offerings and aligns with our mission to provide groundbreaking financial solutions for our users."
About Thunes and Papara
Thunes is recognized globally for being the Smart Superhighway that facilitates money movement across the world. Its proprietary Direct Global Network supports transactions in real-time across more than 130 countries and utilizes over 80 currencies. The network empowers members to connect seamlessly with over 7 billion mobile wallets, bank accounts, and an additional 15 billion cards via over 320 distinct payment methods, including numerous popular local and international options.
Headquartered in Singapore, Thunes extends its operations through various global offices located in prominent cities, showcasing its commitment to enhancing financial transactions worldwide.
On the other hand, Papara has emerged as a pioneering financial technology firm established in 2015. Residing within Türkiye's fintech framework, Papara is dedicated to delivering fast, efficient, accessible, and enjoyable financial services. From offering swift and free transfers to a comprehensive range of services that include bill payments, international transfers, and a robust Cashback program for its users, Papara continues to innovate relentlessly.
With a client base nearing 21 million retail users, and partnerships with significant corporations, Papara is consistently recognized for its efforts to remain at the forefront of the fintech industry. Recently appearing in KPMG's Global Fintech100 and LinkedIn's Top Startups in Türkiye, the company has garnered numerous accolades, including being named the "Best Fintech Startup" by VISA, reflecting its remarkable growth and service quality.
Frequently Asked Questions
What is the significance of the Thunes and Papara partnership?
This partnership enhances cross-border payment capabilities, providing a platform for Papara users to receive money from various countries directly into their accounts.
How will Papara users benefit from this collaboration?
Papara users will enjoy the ability to send and receive money globally in real-time, enhancing their access to international financial services.
What services does Thunes offer?
Thunes provides a network for real-time payments across more than 130 countries, enabling smooth financial transactions through various platforms and payment methods.
Is Papara available worldwide?
Yes, Papara offers services that enable users to perform various financial transactions, including international money transfers, making it a comprehensive platform.
What are the future goals for Thunes and Papara?
Both companies aim to expand their services, providing innovative financial solutions and enhancing user experiences in the evolving fintech landscape.
