Thunes Launches Innovative QR Code Payment System for Travelers
Empowering foreign mobile wallets and financial institutions with seamless access to Chinese QR code payments
Thunes, recognized as the Smart Superhighway for moving money globally, is excited to announce the introduction of its groundbreaking QR Code Payments solution. This innovative approach aims to simplify and enhance payment experiences for travelers using foreign mobile wallets and financial apps, allowing them to connect directly with China’s QR code payment systems, including options like e-CNY, Alipay, and WeChat Pay.
Transforming Travel Experiences with QR Code Payments
This solution is particularly relevant as China's tourism sector prepares for an influx of international visitors. With the rise of visa-free travel policies, the ability for tourists to make easy payments using locally accepted methods is becoming essential. Thunes' QR Code Payments solution stands to transform the way travelers manage expenses during their stay, offering an experience akin to that of local residents.
Meeting the Challenges of Cross-Border Payments
Travelers have traditionally struggled with payment methods while abroad, often finding that conventional foreign credit cards are not widely accepted, especially in smaller shops. Consequently, visitors frequently need to navigate the complexities of downloading local payment apps only to confront demands for sensitive personal information. Thunes addresses these obstacles by introducing a secure, user-friendly alternative that enables easy transactions for users of various foreign financial applications.
Building a Global Payment Network
The launch of the QR Code Payments solution is supported by Thunes' extensive Direct Global Network, which includes key partnerships with members such as Airtel, Hanpass from South Korea, m-Pesa in Kenya, and Vodacom in Tanzania. By leveraging these relationships, Thunes will broaden its reach and enhance the services available to customers traveling to China.
Statements from Industry Leaders
Floris de Kort, CEO of Thunes, emphasized the company’s commitment to facilitating smooth payments across borders. He noted, "Our Direct Global Network is designed to break down financial barriers for our members, allowing them to provide their customers with unmatched access to local payment options around the world. By integrating QR code payments from Thunes into their platforms, our partners can not only improve user experiences but also tap into new revenue opportunities in this dynamic market."
Additionally, Ian Ferrao, CEO of Airtel Money, expressed confidence in Thunes’ capabilities, stating, "Our affiliation with Thunes continues to provide remarkable value to our users. The QR Code Payments solution will empower African travelers, ensuring that they can comfortably navigate the digital payment landscape during their time in China."
Jay Choi, Head of Growth Strategy at Hanpass, added that the company is eager to enhance its clientele’s experience with immediate, reliable cross-border payment solutions. He noted, "With Thunes' QR Code Payments integrated into our service, Koreans visiting China will find making purchases online and in-store more manageable, alleviating the worry associated with cash handling and payment rejections."
About Thunes
Thunes positions itself as a vital facilitator for moving money globally through its proprietary Direct Global Network, which accommodates real-time payments in over 130 countries and supports more than 80 currencies. With direct connections to over 7 billion mobile wallets and bank accounts worldwide and a diverse array of payment methods available, including GCash, M-Pesa, and more, Thunes is at the forefront of global payment innovation. The company is headquartered in Singapore and has expanded its influence with offices in key locations worldwide.
Frequently Asked Questions
What is the new QR Code Payments solution by Thunes?
The QR Code Payments solution allows users of foreign mobile wallets and financial apps to easily make payments in China by scanning QR codes.
How does this solution benefit foreign travelers?
It simplifies the payment process by allowing them to use familiar payment options without needing to open local accounts or apps.
What partnerships support Thunes' new payment system?
Notable partners include Airtel, Hanpass, m-Pesa, and Vodacom, expanding service access for travelers.
Where is Thunes headquartered?
Thunes is headquartered in Singapore and operates in numerous countries worldwide.
How does Thunes ensure security for users?
Thunes focuses on creating a secure and user-friendly payment experience, mitigating the risks traditionally associated with cross-border transactions.
