Thunes and Ripple expand cross-border payments partnership

Singapore-based Thunes and crypto currency firm Ripple have expanded their collaboration to transform the global cross-border payments landscape.

The enhanced partnership builds upon the foundation laid in 2020, with the goal of providing improved payout experience and expanding reach in “key” markets.

By combining Thunes's Direct Global Network with Ripple's blockchain-based payment solutions, the alliance seeks to optimise international transactions for businesses and financial institutions.

Thunes has adopted blockchain and digital asset technologies within its Direct Global Network to facilitate real-time, dependable payouts in various local currencies.

Ripple's contribution to the partnership allows its enterprise clients to access new currencies and markets.

Additionally, Thunes is incorporating Ripple Payments into its SmartX Treasury System to further streamline its services.

Ripple Asia Pacific managing director Fiona Murray stated: “Our partnership with Thunes accelerates our shared mission to improve the efficiency, speed, and security of global payments. By combining Thunes’ extensive and trusted Direct Global Network with Ripple’s digital asset infrastructure, we are enhancing payment speed, accessibility, and compliance across regions.

“This partnership not only facilitates seamless, low-cost transactions but also supports the growing demand for innovative, blockchain-powered financial solutions globally.”

Thunes president and COO Chloe Mayenobe said: “Members across both the traditional finance space and the digital assets ecosystem connect with Thunes. We are in a prime position to bridge these two worlds and drive the future of digital assets, and our alliance with Ripple underscores this.

“By supporting real-time settlement, and deep local integrations, we are enabling digital asset companies to deliver seamless, compliant, and accessible cross-border payments at scale.”

Ripple Payments enable cross-border transactions for a wide range of financial entities, boasting a network that includes over 90 payout markets and accounts for more than 90% of daily foreign exchange market coverage.

Thunes, through Thunes Financial Services, has secured 50 regulatory licences in the US. This will permit the company to directly offer its Pay and Accept suite to US-based businesses, merchants, and digital platforms.

"Thunes and Ripple expand cross-border payments partnership " was originally created and published by Electronic Payments International, a GlobalData owned brand.

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