global payment company toons has launched a new service that allows banks to send payments directly to mobile wallets around the world.
By leveraging existing Swift connectivity, banks can now access Thunes’ Direct Global Network and process transactions to over 3 billion mobile wallets in 130 countries across 120 mobile wallet brands.
This eliminates the need for separate technology integrations and enables faster and more transparent cross-border payments.
The service also provides access to Thunes’ SmartX Treasury System and Fortress Compliance Platform for speed, control, visibility, protection, and cost efficiency to enhance payment management and security.
Toons CEO Floris de Court said:
“Opening up Tunes Direct Global Network membership to the banking industry is perfectly aligned with our mission to make the global economy accessible to all.
We transform the cross-border payments experience for financial institutions and their customers, building bridges between banks and wallet ecosystems and facilitating frictionless payments in previously unreachable regions. ”
Chloé Mayenobe, President and COO of Thunes, said:
“By connecting to Thunes’ Direct Global Network, we are unlocking new possibilities for the banking community and extending our reach into the world of mobile wallets.
The solution enables seamless, real-time cross-border payments to more than 3 billion mobile wallets, allowing financial institutions to increase financial inclusion in underserved areas while increasing speed and transparency. You will be able to achieve higher trades. ”
Featured image credit: Edited from freepic
