Cross-border payments firm Thunes entered into a partnership with financial software company Finastra.
The partnership will enable the integration of Thunes into Fusion Total Messaging, Finastra’s SaaS payments connectivity platform.
This will help Finastra’s existing customers to send money by accessing new payment rails. According to a statement, the customers will be able to access new payment rails across more than 115 markets.
Thunes Strategic Partnerships head Dawei Wang said: “The pace at which the cross-border payment industry is transforming and the rate at which customers’ demands are changing, coupled with the ever increasing regulatory scrutiny, are driving us to constantly challenge ourselves, look beyond the horizon, and seek synergies with dynamic, innovative and engaging partners.
“In a bid to deliver a better global payments experience for everyone, we are delighted to partner with Finastra to deepen connectivity to existing and new financial institutions on the Finastra platform.”
Thunes is headquartered in Singapore. It enables corporates and financial institutions to transfer funds across the world. It counts global banks, money transfer operators and other businesses as its clients.
Earlier this month, Thunes secured a payment institution licence in France to carry out merchant acquisition services.
The company had already secured licences from the UK’s Financial Conduct Authority and the Monetary Authority of Singapore.