Thunes reveals collaboration with World Economic Forum

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Thunes, which is a provider of cross-border payments based in Singapore, has confirmed that it will collaborate with the World Economic Forum (WEF).
  •  It will work as part of key WEF initiatives such as the Future of Trade and Global Economic Interdependence initiative and more.
  • “We are delighted to be welcoming Thunes into the Forum’s Financial and Monetary Systems Platform,” said a senior figure at the WEF.

Thunes, which is a leading provider of cross-border payments based in Singapore, has confirmed that it will work alongside the World Economic Forum (WEF) as part of a push to tackle inequality in accessing financial services.

The company will join the WEF’s Platform for Shaping the Future of Financial and Monetary Systems.

As part of this, it will work with the financial world to provide a range of insights and best practices.

It will also help the sector develop policies that will boost financial inclusion.

However, the organisation will also be involved in much more than just that.

It will work as part of key WEF initiatives such as the Future of Trade and Global Economic Interdependence initiative and the Shaping the Future of Digital Economy and New Value Creation stream.

In a statement, a senior figure at Thunes said that the company was connected to local trends.

Peter De Caluwe, who is the chief executive officer of Thunes, said that an aim of the organisation was to boost financial inclusion.

“As a global payments company, we are deeply connected to the local payment trends and habits, and are happy to see that technology is enabling increased access to financial and payments services to people around the world,” he said.

He also warned that this takes time.

“However, the infrastructure is patchy and slow to evolve, the inequality in the financial services space is high, and we are far from living in a truly global and inclusive economy.”

He added that Thunes was well placed to help.

“We feel that being at the core of the global discussions, we have an opportunity and responsibility to contribute to the evolution of the Global financial systems and drive significant changes towards a more equitable future for people, businesses and communities,” he explained.

For the WEF, meanwhile, the head of the Platform for Shaping the Future of Financial and Monetary Systems said that the initiative was there to “meet…changing needs”.

Matthew Blake explained that the organisation was very pleased to be bringing Thunes on board.

“We are delighted to be welcoming Thunes into the Forum’s Financial and Monetary Systems Platform, which is working to meet the changing needs of the global population, especially in emerging markets, and to address pressing issues shaping the global financial system,” he said.

He went on to say that it was reflective of a move towards “stakeholder capitalism”.

“This partnership reflects a broader trend of companies shifting focus from shareholder to stakeholder capitalism, leading to more public-private alliances and multi-stakeholder collaboration,” he explained.

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