Summary
Thunes (Singapore) and Fiserv (US) announced a strategic collaboration for real-time global payouts. Thunes will support payouts for Fiserv's merchant ecosystem, enabling ecommerce platforms, marketplaces, and other Fiserv clients to send money instantly worldwide to pay employees, bills, and suppliers. Leveraging Thunes' Direct Global Network, Fiserv clients can reach 12 billion bank accounts and mobile wallets in over 140 countries and 90 currencies. The deal is a major distribution win for Thunes and another milestone in its Americas expansion, now backed by full US money-transmission licensing.
Key Points
- Strategic collaboration announced Monday (Aug 18)
- Thunes supports payouts for Fiserv's merchant ecosystem (ecommerce platforms, marketplaces, Fiserv clients)
- Use cases: instant global payment of employees, bills, suppliers
- Thunes Direct Global Network: 12 billion bank accounts and mobile wallets, 140+ countries, 90 currencies
- Thunes holds money transmission licenses in all required US states
- Fiserv CPO Sanjay Saraf: greater "speed, transparency and predictability" in global money movement
- Thunes deputy CEO Chloé Mayenobe: validates Thunes' ability to support the world's largest fintechs
- Thunes Americas head Kyle Rosen: US platforms historically faced friction paying out globally at scale
- Part of Thunes' growth momentum in the Americas and expansion of major fintech support