Thunes Expands Global Network in the Nordic Region
Members of Thunes' proprietary Network can now make direct payments to bank accounts in the Nordic region, at speed, bypassing legacy rails.
Thunes, a leader in global money movement, has announced the expansion of its Direct Global Network by launching Pay-to-Bank services specifically in the Nordic region. This significant move enables Members of Thunes’ Network to execute faster cross-border payment solutions tailored for both consumers and businesses alike.
Key Features of the Nordic Expansion
The introduction of new direct payment corridors allows for payouts in the respective currencies of the region, including Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK). This extension into the Nordic markets enhances Thunes’ capabilities, tapping into a region that has demonstrated remarkable trade volumes and a growing need for efficient payment solutions.
Understanding the Market Impact
Recent data indicates that the Nordic region has notable export volumes and considerable inbound remittance activity, highlighting a need for more efficient payment structures. By offering direct bank payment services, Thunes capitalizes on this demand, thereby delivering a competitive advantage to its Members in a rapidly changing economic environment.
Technology Behind the Expansion
This expansion is powered by Thunes' robust API integration, which leverages their SmartX Treasury system and Fortress Compliance platform. These technologies collectively enhance speed, control, visibility, and cost-effectiveness for cross-border payments, proving to be invaluable for Members navigating the complexities of global finance.
Statements from Company Leadership
Aik Boon Tan, Chief Network Officer at Thunes, expressed enthusiasm about this expansion, stating, "This marks a significant development for Thunes and our Members, reinforcing our commitment to delivering seamless and reliable real-time cross-border payments globally. By extending our Network into the Nordic region, we ensure that payments are executed with the utmost speed, security, and efficiency." Chloé Mayenobe, President and COO at Thunes, also shared insights on the significance of this launch, stating, "This initiative supercharges our Network's reach. It unlocks tremendous value for all our Members, empowering users with faster and more transparent transactions that align with the evolving demands of the market."
Looking Ahead
The recent enhancement of the Thunes Direct Global Network sets a higher benchmark for cross-border payment systems. With this advancement, Thunes not only caters to the immediate financial needs of the Nordic region but also meets the increasing global appetite for swift and secure transaction solutions.
About Thunes: Thunes is recognized as the Smart Superhighway for moving money globally. The company facilitates real-time payments across over 130 countries and more than 80 currencies. By connecting to over 7 billion mobile wallets and bank accounts as well as 15 billion cards, Thunes enables unparalleled financial accessibility through more than 320 different payment methods. With a commitment to continuous improvement, Thunes ensures that its Members enjoy enhanced speed, control, visibility, protection, and efficiency in real-time payment capabilities. Their client base encompasses major players in the gig economy, super-apps, fintechs, banks, and money transfer organizations.
Frequently Asked Questions
What is the significance of Thunes' expansion into the Nordic region?
The expansion allows Members to make faster and direct payments to bank accounts in the Nordic countries, enhancing efficiency in cross-border transactions.
Which currencies are supported in the Nordic expansion?
The expansion supports payouts in Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK).
What technologies enhance the payment services offered by Thunes?
Thunes utilizes its SmartX Treasury system and Fortress Compliance platform to provide its Members with improved speed and control over their transactions.
Who can benefit from Thunes' services in the Nordic region?
Both businesses and consumers can take advantage of the faster, more cost-effective payment solutions offered by Thunes in the Nordic countries.
What does the future hold for Thunes and its payment network?
Thunes aims to continue expanding its network globally, enhancing its offerings to meet the demands for real-time payment solutions as market trends evolve.
