Latest news with #ChloéMayenobe
Finextra
3 days ago
- Business
- Finextra
Thunes secures US money transmission licences
Thunes, the Smart Superhighway to move money around the world, today announced it has secured the 50 licenses it requires to operate in the United States. 0 This marks a major milestone following its recent Series D funding round and reinforces Thunes' unwavering commitment to scale at pace and deliver on its strategic roadmap. The acquisition of the licenses by the newly formed Thunes Financial Services LLC entity, is a strategic differentiator in allowing Thunes to deliver its comprehensive Pay and Accept suite of services directly to corporates, merchants and digital platforms across the U.S. By leveraging the new regulatory approvals, Thunes gains the ability to contract directly with American businesses for real-time cross-border payments, via its Direct Global Network, connecting to over 7 billion mobile wallets and bank accounts as well as 15 billion cards in over 130 countries and 80 currencies. In addition, American Members of the Network will now be able to fund Thunes locally. Thunes' U.S. entry also opens new opportunities for Members of its Direct Global Network all around the world, who will now gain direct access to the vast U.S. market through a single, seamless integration. Securing U.S. licenses reinforces Thunes' commitment to building a resilient and compliant global payments infrastructure. It represents a significant investment in strengthening its Fortress Compliance platform, ensuring rigorous adherence to some of the world's most demanding regulatory standards. Combined with Thunes' SmartX Treasury system, U.S.-based Members of the Thunes Direct Global Network will enjoy unmatched speed, transparency, protection, control, and cost efficiency in executing real-time payments in and out of the U.S., globally. Floris de Kort, CEO of Thunes, said: 'At Thunes, we're proud to have built a world-leading payments Network. Securing our U.S. licenses marks a significant milestone in our global growth. It's a reflection of the momentum we've created and the trust we continue to earn. We're scaling with purpose and delivering limitless, tangible value to every Member of the Thunes Direct Global Network in the process.' Chloé Mayenobe, President & Chief Operating Officer at Thunes, commented: 'With our newly obtained U.S. licenses, Thunes is now uniquely positioned to empower businesses across sectors - from travel and social media to digital assets, insurance, and gig economies - to join the world's most robust and reliable cross-border payments network. As Members of the Thunes Direct Global Network, they gain access to real-time payments and unlock new revenue opportunities in the fastest-growing markets worldwide.' Ruwan De Soyza, General Counsel at Thunes, concluded: "Our successful license acquisition in the United States is a pivotal moment for Thunes. It allows us to extend our global footprint while upholding the highest standards of regulatory compliance and transparency. It also reinforces our commitment to managing risk with precision. By enhancing our robust legal and operational foundation, we are further equipping Thunes to responsibly drive innovation in cross-border payments and empower businesses worldwide. I am proud to lead a team dedicated to ensuring every step we take is both legally sound and aligned with our mission for global financial inclusion.'
Korea Herald
3 days ago
- Business
- Korea Herald
Thunes Secures Money Transmission Licenses to Operate in the United States
Bold U.S. entry underscores Thunes' strategic investment and ambition to build the world's most trusted and comprehensive global payments network. SINGAPORE and SAN FRANCISCO, June 4, 2025 /PRNewswire/ -- Thunes, the Smart Superhighway to move money around the world, today announced it has secured the 50 licenses it requires to operate in the United States. This marks a major milestone following its recent Series D funding round and reinforces Thunes' unwavering commitment to scale at pace and deliver on its strategic roadmap. The acquisition of the licenses by the newly formed Thunes Financial Services LLC entity, is a strategic differentiator in allowing Thunes to deliver its comprehensive Pay and Accept suite of services directly to corporates, merchants and digital platforms across the U.S. By leveraging the new regulatory approvals, Thunes gains the ability to contract directly with American businesses for real-time cross-border payments, via its Direct Global Network, connecting to over 7 billion mobile wallets and bank accounts as well as 15 billion cards in over 130 countries and 80 currencies. In addition, American Members of the Network will now be able to fund Thunes locally. Thunes' U.S. entry also opens new opportunities for Members of its Direct Global Network all around the world, who will now gain direct access to the vast U.S. market through a single, seamless integration. Securing U.S. licenses reinforces Thunes' commitment to building a resilient and compliant global payments infrastructure. It represents a significant investment in strengthening its Fortress Compliance platform, ensuring rigorous adherence to some of the world's most demanding regulatory standards. Combined with Thunes' SmartX Treasury system, U.S.-based Members of the Thunes Direct Global Network will enjoy unmatched speed, transparency, protection, control, and cost efficiency in executing real-time payments in and out of the U.S., globally. Floris de Kort, CEO of Thunes, said: "At Thunes, we're proud to have built a world-leading payments Network. Securing our U.S. licenses marks a significant milestone in our global growth. It's a reflection of the momentum we've created and the trust we continue to earn. We're scaling with purpose and delivering limitless, tangible value to every Member of the Thunes Direct Global Network in the process." Chloé Mayenobe, President & Chief Operating Officer at Thunes, commented: "With our newly obtained U.S. licenses, Thunes is now uniquely positioned to empower businesses across sectors – from travel and social media to digital assets, insurance, and gig economies - to join the world's most robust and reliable cross-border payments network. As Members of the Thunes Direct Global Network, they gain access to real-time payments and unlock new revenue opportunities in the fastest-growing markets worldwide." Ruwan De Soyza, General Counsel at Thunes, concluded: "Our successful license acquisition in the United States is a pivotal moment for Thunes. It allows us to extend our global footprint while upholding the highest standards of regulatory compliance and transparency. It also reinforces our commitment to managing risk with precision. By enhancing our robust legal and operational foundation, we are further equipping Thunes to responsibly drive innovation in cross-border payments and empower businesses worldwide. I am proud to lead a team dedicated to ensuring every step we take is both legally sound and aligned with our mission for global financial inclusion."
Finextra
4 days ago
- Business
- Finextra
Thunes opens Scandinavian corridor
Thunes, the Smart Superhighway to move money around the world, today announced the further expansion of its Direct Global Network with the launch of direct Pay-to-Bank services in Denmark, Norway, and Sweden. 0 This broadens Thunes' reach into the Nordic region, empowering Members of the Thunes Direct Global Network with faster cross-border payments solutions for both consumer and business transactions. The expansion includes the opening of new direct corridors, supporting payouts in Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK). Thunes' proprietary Network expansion will give access to its Members to the Nordic region, whose exports volumes amounted to over USD 600 billion in 2024, and inbound remittance accounted for over USD 5.4 billion in 2023 according to the world bank. Built on a robust API integration the service leverages Thunes SmartX Treasury system and Fortress Compliance platform to provide Members with enhanced speed, control, visibility, protection and cost efficiency for their cross-border payments. Aik Boon Tan, Chief Network Officer at Thunes, said: 'This expansion marks a significant development for Thunes and our Members, reinforcing our commitment to delivering seamless and reliable real-time cross-border payments globally. By extending our proprietary Direct Global Network into the Nordic region, we are offering a modern alternative to legacy systems, ensuring that payments to Denmark, Norway, and Sweden are executed with the highest levels of speed, security, and operational efficiency.' Chloé Mayenobe, President and COO at Thunes, added: 'Launching direct bank payout capabilities in the Nordics supercharges our proprietary Network's reach and unlocks unmatched value for all our Members. By establishing real-time payout corridors in Denmark, Norway and Sweden, we're empowering businesses and individuals with faster, more transparent and cost-efficient transactions. This expansion represents a strategic milestone in our journey to connect every corner of the globe, reinforcing our promise to deliver cutting-edge, reliable global payment solutions.' With this expansion, Thunes delivers an even more robust Direct Global Network that enables seamless bank payouts across the Nordics, meeting the growing demand for real-time, cross-border payment solutions in a dynamically evolving region.
Yahoo
23-04-2025
- Business
- Yahoo
Thunes unveils new solution to ease business payments
Singapore based company Thunes has introduced Thunes Business Payments, a cross-border payment solution designed to enhance the payment experience for its Direct Global Network members. This network includes a diverse group of financial institutions and businesses such as enterprises, merchants, neo-banks, traditional banks, and mobile wallets. With the integration of Thunes' API, the members can now process international business payments in a 'cost-efficient way'. The solution offers payment services in over 30 currencies, including USD, EUR, and CNY, and extends to more than 50 countries, covering key markets such as Brazil, Canada, China, Europe, Hong Kong, India, Mexico, Singapore, and the UK. Businesses using the solution can pay international suppliers in their local currencies, which aims to reduce costs associated with currency exchange and financial reconciliation. It also enables USD payouts, which are said to accessible in real-time to over 170 countries. Besides, it features Thunes SmartX Treasury System to improve FX and 'transaction transparency' and liquidity management. It ensures 'guaranteed' pricing, trackable local currency and USD payouts, and requires only a single integration with Thunes' API, the company said in a statement. The solution offers compliant transactions via its Fortress Compliance Platform with real-time fraud protection. Thunes president and chief operating officer Chloé Mayenobe said: 'Thunes Business Payments is a purpose-built solution that empowers banks, wallets, fintechs, enterprises, and merchants to meet evolving customer needs and unlock new growth. 'With access to local ACH in over 50 countries, Thunes Business Payments sets a new benchmark for speed, transparency, and affordability, reducing friction in cross-border transactions, streamlining operations, and ensuring predictable costs. The market opportunity for Thunes Business Payments is immense, driven by rising demand from Members of our Direct Global Network for faster, more transparent, and cost-effective business transactions.' In February, Thunes expanded Direct Global Network to Taiwan, enabling members to offer real-time payout services in the country, with transaction support in TWD and USD. "Thunes unveils new solution to ease business payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Korea Herald
22-04-2025
- Business
- Korea Herald
Thunes Expands Direct Global Network with Business Payments Solution
Thunes to provide its Members faster, transparent international business payments, with access to local ACH in over 50 countries and USD wire transfers to over 170 countries. SINGAPORE, April 22, 2025 /PRNewswire/ -- Thunes, the Smart Superhighway to move money around the world, announces the launch of Thunes Business Payments, a next-generation solution designed to transform cross-border payment experiences for Members of Thunes' Direct Global Network, including enterprises, merchants, as well as neo-banks, traditional banks and mobile wallets serving businesses worldwide. With Thunes' cutting-edge API, Members have a streamlined, transparent, and cost-efficient way to process international business payments, bypassing the complexities of legacy systems while unlocking unprecedented flexibility and speed. With this launch Thunes enables faster business payments in over 30 currencies including USD, EUR and CNY, and more than 50 countries including key markets such as Brazil, Canada, Mainland China, Europe, Hong Kong, India, Mexico, Singapore, and the UK. The solution empowers businesses to pay suppliers in their local currencies, reducing exchange rate and reconciliation costs, with full transparency on the payment reference. In addition, businesses will be able to process USD payouts to over 170 countries. The solution's value also lies in the Thunes' SmartX Treasury System that enhances FX and transaction transparency as well as liquidity management by offering real-time visibility into fund locations and the exact amount to be delivered to the recipient. In addition, businesses, neo-banks, banks and wallets can benefit from stablecoin USDC funding capabilities in real-time, 24/7. Members of the Thunes' Direct Global Network using Thunes Business Payments will benefit from a number of key enhancements to traditional business-to-business transactions, including: Thunes Business Payments is underpinned by Thunes' Fortress Compliance Platform, which ensures compliance with local regulations for seamless, secure transactions while providing real-time visibility and protection. The launch of Thunes Business Payments comes at a time of significant growth for the global B2B payments market, which accounted for $150 trillion in 2024. Chloé Mayenobe, President and Chief Operating Officer at Thunes, said, "Thunes Business Payments is a purpose-built solution that empowers banks, wallets, fintechs, enterprises, and merchants to meet evolving customer needs and unlock new growth. With access to local ACH in over 50 countries, Thunes Business Payments sets a new benchmark for speed, transparency, and affordability, reducing friction in cross-border transactions, streamlining operations, and ensuring predictable costs. The market opportunity for Thunes Business Payments is immense, driven by rising demand from Members of our Direct Global Network for faster, more transparent, and cost-effective business transactions."
