Singapore-based global payments company Thunes has on Thursday announced the expansion of its Direct Global Network into Taiwan.

This expansion brings Thunes’ Pay-to-Banks payment capabilities to Taiwan, enhancing the company’s cross-border payment services in one of Asia’s most technologically advanced and financially dynamic markets, Thunes said in a statement.

With this expansion, members of Thunes’ Direct Global Network can now provide their customers with real-time payout services into Taiwan in both New Taiwan Dollars (TWD) and United States Dollars (USD).

This solution supports all major banks in Taiwan and enables real-time payments to both individual and business bank accounts.

According to the statement, Taiwan is a key hub for international trade and finance, with a strong demand for efficient cross-border payments.

Cited recent data, it noted that in January 2025, Taiwan’s total exports amounted to $38.7 billion, representing a 4.4 percent increase compared to January 2024.

The Taiwan Institute of Economic Research’s (TIER) forecast for Taiwan’s 2025 gross domestic product (GDP) growth is 3.42 percent, citing positive factors including increasing investments, solid private consumption and stronger exports.

As such, the country’s money influx market continues to grow as Taiwan remains a key trade partner for economies around the world.

“Expanding Thunes’ proprietary Direct Global Network with our new payments corridor into Taiwan provides our Members with greater speed, control, visibility, protection, and cost efficiencies for real-time cross-border payments in one of Asia’s most vibrant financial markets,

“This expansion underscores our commitment to global reach and industry-leading Quality of Service through direct connections, enabling our Members to seamlessly process payments worldwide, with the highest transaction success rates,” said Floris de Kort, Chief Executive Officer at Thunes.

Thunes’ proprietary Direct Global Network allows members to make payments in real-time in over 130 countries and more than 80 currencies.

Its network connects directly to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay.

Its Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring members of the network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally.

Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.

Headquartered in Singapore, Thunes has offices in 13 locations, including Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco and Shanghai.

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