Thunes, the Singapore-based payment firm, and Fiserv, a US payments and financial services technology provider, announced Monday a strategic collaboration for real-time global payouts.
Through the alliance, Thunes will support payouts for Fiserv’s merchant ecosystem, enabling ecommerce platforms, marketplaces and other Fiserv clients to send money instantly around the world to pay employees, bills and suppliers, the firm said in a statement.
By leveraging Thunes’ Direct Global Network, Fiserv clients will gain the ability to reach 12 billion bank accounts and mobile wallets in over 140 countries and 90 currencies.
“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,” said Sanjay Saraf, Chief Product Officer, Fiserv Merchant Services.
Meanwhile, Chloé Mayenobe, Deputy Chief Executive Officer at Thunes, said 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,” she added.
Kyle Rosen, Head of Americas at Thunes, said 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,” he added.
This latest collaboration for Thunes represents another milestone for its growth in the Americas having obtained money transmission licenses in all U.S. states where required, said the statement.
It said Thunes continues to grow its support for major fintechs in the U.S. and around the world, offering fast, secure and reliable global money movement through its Direct Global Network.