Thunes, the Smart Superhighway to move money around the world, and Fiserv, a leading global provider of payments and financial services technology, announced a strategic collaboration. The partnership will change the way global platforms and marketplaces do international payouts.
Thunes will facilitate payouts across the Fiserv merchant ecosystem as part of the collaboration. Therefore, ecommerce platforms, marketplaces and other Fiserv clients will be able to send money instantly anywhere in the world.
It will allow for payment of employees, suppliers and bills. Fiserv merchant customers can also access international payouts with one integration.
The partnership is in response to the increasing need for faster cross-border payments. As global businesses go international, they are more and more in need of reliable payment infrastructure.
Fiserv clients will be able to reach 12 billion bank accounts and mobile wallets through Thunes’ Direct Global Network. The network reaches over 140 countries and offers 90 currencies.
Cross-Border Payments Gain Greater Reach
Companies can get access to more international payment destinations. The extended reach can also help platforms to streamline their global payment processes.
Sanjay Saraf, Chief Product Officer, Fiserv Merchant Services, said: “As merchants expand across borders, they need payments that are as seamless as their growth ambitions. Our work with Thunes helps businesses move money globally with greater speed, transparency and predictability, supporting more efficient and scalable global operations.”
The collaboration focuses on improving the speed and predictability of international payouts. At the same time, it aims to simplify the payment process for businesses operating across borders.
Chloé Mayenobe, Deputy CEO at Thunes, added: “We are thrilled to enable cross-border payments infrastructure for Fiserv as they expand the boundaries of what their customers can achieve. This collaboration further validates Thunes’ ability to support the world’s largest fintechs with a robust global network designed to support compliant and efficient cross-border payouts. Together with Fiserv, we are powering the future of global commerce by making cross-border payments transparent, reliable, and real-time in supported markets.”
The partnership also highlights Thunes’ focus on compliant global payment infrastructure. Its Direct Global Network supports international money movement across multiple markets and currencies.
Thunes Strengthens U.S. Payments Infrastructure
Moreover, the collaboration strengthens Thunes’ role in supporting large fintech companies. It also expands access to real-time payment capabilities for global platforms and marketplaces.
Kyle Rosen, Head of Americas at Thunes, added: “This collaboration with Fiserv captures the powerful momentum we are building in the US. U.S. platforms and marketplaces have historically faced significant friction when paying out globally at scale. Together, Thunes’ licensed U.S. payments capabilities and Fiserv’s merchant ecosystem can unlock increased speed and efficiency for businesses looking to capture global growth. We are proud to be the infrastructure engine driving this next chapter of real-time commerce for U.S. enterprises.”
The latest deal marks another milestone in Thunes’ expansion across the Americas. The company has secured money transmission licenses in all U.S. states where it is required.
This further strengthens Thunes’ position in the U.S. payments market. The company also continues to support leading fintech companies in the U.S. and other global markets. Thunes enables fast, secure and reliable global money movement through its Direct Global Network. Meanwhile, Fiserv offers a wide merchant ecosystem for businesses and platforms.
Together, the companies seek to support the growing demand for real-time global payouts. The collaboration will enable businesses to move money across borders faster and more operationally efficiently.
The partnership also marks the next step in the evolution of cross-border payment technology. With the growth of international commerce, businesses need payment systems that can operate across multiple markets.
So Thunes and Fiserv will merge their respective payment infrastructure and merchant capabilities. It can make international payouts easier for global platforms with a connected payment experience.
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News Source: PRNewswire.com
