Turkish customers using financial services provider, Papara, will now be able to send money into three billion mobile wallet accounts, four billion bank accounts and 15 billion cards in over 80 currencies and to more than 130 countries following a new partnership with Thunes, the cross-border payment infrastructure provider.
Papara becomes the latest member of Thunes‘ Direct Global Network as Thunes facilitates cross-border payments to and from Türkiye. The cooperation enables fast and affordable international money transfers directly to Papara accounts, marking the first time such a service is available in Türkiye.
With Thunes’ in-house SmartX Treasury System and Fortress Compliance Platform, Members of the Network receive good speeds, control, visibility, protection, and cost efficiencies when making real-time payments, globally.
Simon Nelson, chief revenue officer at Thunes said: “It is an honour to welcome Papara to our proprietary Direct Global Network. Papara users in the Republic of Türkiye can send money to Africa, Asia, Europe, the Middle East, and North and South America, supporting Papara in its quest to offer compelling international money transfer services to its users.”
Aik Boon Tan, chief network officer at Thunes
Aik Boon Tan, chief network officer at Thunes added: “We are thrilled to partner with Papara to expand our Network’s reach into Türkiye. By enabling direct transfers to Papara accounts, we are removing traditional barriers and offering a more efficient service for cross-border payments into Türkiye to Members of our Direct Global Network.”
Emre Kenci, CEO at Papara
Emre Kenci, CEO at Papara commented: “Our partnership with Thunes significantly enhances Papara’s cross-border payment capabilities. It provides our users with a trusted and secure platform for international transfers. Furthermore, millions of Papara users can receive money from around the world directly into their accounts—a major step forward as they continue to send money using our expanding global money transfer service. Lastly, this alliance enriches our offerings and reaffirms our commitment to delivering innovative financial solutions for our users.”
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