Payments company Thunes launched a ‘Pay-to-Banks’ solution that allows financial institutions to connect to its network using their existing Swift connectivity. The new solution is designed to enable the 11,000 banks on the Swift network to send cross-border payments to over four billion bank accounts in more than 130 countries without requiring additional integration.
Alongside the new solution, the company also expanded its ‘Pay-to-Wallets’ offering, which allows financial institutions to send global business payments to mobile wallets via their existing Swift connectivity.
Bridging traditional and emerging payment systems
The move is designed to bridge traditional financial systems with emerging payment methods, giving banks a way to offer faster and more secure cross-border transfers. The solutions leverage Thunes’ ‘SmartX Treasury System’ for liquidity management and its ‘Fortress Compliance’ platform for risk controls.
Chloe Mayenobe, president and chief operating officer at Thunes, commented: “By extending the accessibility of our Direct Global Network via Swift, we are enabling banks to deliver faster, secure payments across both traditional financial systems and emerging payment methods. Thunes is uniquely positioned to meet increasing demand for fast, cost-effective cross-border payments, powering the future of payments with a cutting-edge platform that bridges fiat currencies, digital assets, and global wallets.”
Meeting the demand for real-time payments
The expansion of the Pay-to-Wallets solution comes as the global B2B payments market continues to grow, having reached a value of $150trillion in 2024. The solution builds on a previous launch in 2024 that enabled banks to facilitate real-time consumer payments to three billion mobile wallets worldwide.
Elie Bertha, chief product officer at Thunes, added: “At Thunes, we are committed to helping financial institutions deliver faster, more efficient services to their customers. Now, a person sending money to a loved one’s overseas bank account or a small business paying an international supplier can simply open their banking app and complete their transactions without delays. These solutions offer easy integration for banks and enable instant and secure cross-border payments for end users, wherever they are.”
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