UniTeller and Thunes to collaborate in Asia-Pacific

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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
  • UniTeller, which is one of the US’s major payment processing and remittance delivery platforms, has confirmed that it will work alongside the Singaporean business Thunes as the two companies make a push towards improved payment services.
  • The companies will focus in particular on areas such as the Asia-Pacific region as well as other emerging markets such as Africa.
  • “We are glad to be able to strengthen our partnership with UniTeller, and jointly help to enhance global connectivity for millions of people through faster and more convenient cross-border payments,” said a spokesperson for Thunes.

UniTeller – a major provider of remittances, payment processing and similar services in the US – has confirmed that it will pair up with the Singapore-based payment network Thunes for a new service.

The firm said that it had struck the deal with Thunes in order to expand payment services to more than 20 international markets.

It is believed that these will include markets in the Asia-Pacific region as well as in Africa.

It is also expected that the move will see digital payments become more accessible for people in the chosen markets through the use of e-wallets and account deposit systems.

Overall, the deposit service will reach over 500 banks and wallet operators.

In a statement, a senior figure at UniTeller said that the development marked a key “milestone”.

Alberto Guerra, who is the chief executive officer of UniTeller, said that the firm was making big efforts to improve the way that communities were able to get access to financial services across international markets.

“Our partnership with Thunes marks an important milestone as we strive towards improving the access of communities across emerging markets by expanding our technology solutions in Africa and Asia Pacific,” he said.

For Thunes, meanwhile, the company’s chief operating officer Tamer El-Emary said that payment systems were important as part of the push towards an increased digitalisation of payments.

He explained that the “scalability” of remittance services might not be sustainable if it was not for properly robust payment architecture.

“As digital payments continue to gain momentum, strong and robust payment systems are critical to meet this growth and ensure the scalability of digital remittance channels,” he said.

He went on to say that the partnership with UniTeller had pre-existed and was therefore going to be strengthened as a result of the new arrangement.

“We are glad to be able to strengthen our partnership with UniTeller, and jointly help to enhance global connectivity for millions of people through faster and more convenient cross-border payments,” he explained.

Thunes is a major business-to-business organisation that caters to financial and corporate firms across the world.

It has a strong network in place and is known for offering services through one single centralised connection.

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