Global payments company Thunes has introduced ‘Thunes Business Payments’, a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions.
The launch is targeted at members of Thunes’ Direct Global Network.
The new solution provides access to local Automated Clearing House (ACH) systems in over 50 countries.
This includes major markets such as Brazil, Canada, Mainland China, Hong Kong, India, Mexico, Singapore, the UK, and across Europe.
Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY.
Thunes said the service, powered by its API, enables faster cross-border payments, offers greater transparency in transaction costs and details, and reduces the complexity of using legacy systems.
Businesses can pay suppliers in their local currencies, helping to lower exchange rate and reconciliation costs, with clear references for each payment.
USD payouts are trackable, and a single integration with Thunes’ platform eliminates the need for businesses to build separate correspondent banking networks.
The solution is supported by Thunes’ SmartX Treasury System, which provides real-time visibility into fund locations and enhances liquidity management.
It also offers stablecoin USDC funding capabilities, enabling businesses to move funds in real time, around the clock.
Compliance with local regulations is handled through Thunes’ Fortress Compliance Platform, helping ensure secure transactions across different jurisdictions.
The launch comes at a time of strong growth in the global business-to-business payments sector, which Thunes estimates reached US$150 trillion in 2024.
Chloé Mayenobe, President and Chief Operating Officer at Thunes, said the service aims to help banks, wallets, fintechs, enterprises, and merchants improve the speed, transparency, and affordability of cross-border business transactions while offering greater flexibility to meet evolving customer needs.
Featured image credit: Edited from Freepik
