Thunes and Papara Enhance Cross-Border Transfer Services
Papara now boasts over 21 million users who can send and receive money across five continents, significantly boosting its cross-border transfer capabilities.
A New Partnership for Global Transfers
In a recent alliance, Thunes, known as the Smart Superhighway to move money worldwide, officially welcomed Papara, a leading fintech company in Türkiye, into its Direct Global Network. This collaboration is set to revolutionize the way users in Türkiye send and receive money internationally. Users will gain the ability to transfer funds seamlessly, connecting with 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards across more than 130 countries in over 80 currencies.
Real-Time Transfers Directly to Papara
This groundbreaking cooperation means that Papara’s users will have access to fast, simple, and affordable international money transfers straight into their accounts—a first in Türkiye. Utilizing Thunes' advanced SmartX Treasury System and Fortress Compliance Platform ensures that members of this network will experience unmatched speed, control, visibility, protection, and cost efficiency in their transactions.
Remarks from Thunes and Papara Leadership
Simon Nelson, Chief Revenue Officer of Thunes, expressed, "We are honored to include Papara in our Direct Global Network. This partnership empowers users in Türkiye to send money to regions such as Africa, Asia, Europe, the Middle East, and the Americas, thereby enhancing the international money transfer services available to them." His sentiments were echoed by Aik Boon Tan, Chief Network Officer at Thunes, who stated, "Our partnership with Papara extends our network's reach into Türkiye, facilitating efficient cross-border payments by removing traditional barriers."
Empowering Papara Users
Meanwhile, Emre Kenci, CEO of Papara, commented on the partnership's significance: "This collaboration with Thunes dramatically boosts our cross-border payment capabilities, giving our users a secure platform for their international transfers. It allows millions to receive funds directly into their Papara accounts, significantly advancing our mission to provide an exceptional global money transfer service."
About Thunes: A Global Network for Instant Payments
Thunes operates a powerful Direct Global Network that enables real-time payments across 130 countries and in over 80 currencies. With connections to over 7 billion mobile wallets, bank accounts, and 15 billion cards, Thunes supports its members with advanced infrastructure. This includes the SmartX Treasury System and Fortress Compliance Platform, ensuring an unmatched payment experience. Major gig economy players and financial institutions are part of Thunes' network, incorporating brands like Uber and Deliveroo among a diverse range of fintechs, banks, and payment service providers.
About Papara: Redefining Financial Services
Founded in 2015, Papara is a frontrunner in the financial technology sector within Türkiye, striving for innovation and efficiency in financial services. Offering a wide array of products and user-friendly services, Papara promotes instant transfers, international money transfers, and reward programs through its physical and virtual cards. With 21 million retail users and a 7,000-strong corporate clientele, including notable companies like Uber and TikTok, Papara continues its expansion to lead the fintech landscape in the region.
Frequently Asked Questions
What services are now available to Papara users?
Papara users can now send and receive money internationally in real time through Thunes’ new partnership.
How does this partnership enhance transfer capabilities?
This collaboration allows direct transfers to Papara accounts from over 130 countries and connects users with billions of mobile wallets and cards worldwide.
What technology is used to support these transfers?
Thunes employs its SmartX Treasury System and Fortress Compliance Platform, which provide efficiency, security, and visibility in transactions.
Who are key players in the partnership?
Key figures include Simon Nelson (Thunes), Aik Boon Tan (Thunes), and Emre Kenci (Papara), all emphasizing the importance of this collaboration for users.
What is the future vision for Papara?
Papara aims to expand its offerings and reach, solidifying its position as a challenging fintech leader in the financial technology sector.
