Summary
Thunes, the Singapore-based payment firm, and Fiserv, a US payments and financial services technology provider, announced Monday 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 around the world to pay employees, bills, and suppliers. By leveraging Thunes' Direct Global Network, Fiserv clients can reach 12 billion bank accounts and mobile wallets in over 140 countries and 90 currencies.
Key Facts
- Strategic collaboration announced Monday (Aug 18)
- Thunes supports payouts for Fiserv's merchant ecosystem
- Enables ecommerce platforms, marketplaces, Fiserv clients to send money instantly globally
- Use cases: pay employees, bills, suppliers
- Via Thunes Direct Global Network: reach 12 billion bank accounts and mobile wallets in 140+ countries, 90 currencies
- Thunes obtained money transmission licenses in all required US states
- Fiserv CPO Sanjay Saraf: more "speed, transparency and predictability" in global money movement
- Thunes deputy CEO Chloé Mayenobe: validates Thunes' support for the world's largest fintechs
- Thunes Americas head Kyle Rosen: US platforms historically faced friction paying out globally at scale
Why It Matters
The Thunes-Fiserv alliance brings real-time, cross-border payout rails into the Fiserv merchant ecosystem — a significant distribution win for Thunes that connects its Direct Global Network to one of the largest merchant bases in payments. It reflects the growing demand for instant, transparent global payouts as merchants expand across borders, and marks another milestone in Thunes' Americas expansion, now backed by a full US money-transmission license footprint. For Fiserv merchants, it removes long-standing friction in paying international suppliers and employees.