Thunes & Ripple Expand Partnership to Boost Global Payments

Singaporean payment company Thunes and US digital asset infrastructure leader Ripple have grown their partnership to better facilitate cross-border payments globally.

The partnership, which follows their first tie-up in 2020, looks to simplify money movement, enhance payout experiences, and expand reach across major global markets.

Through the partnership, Ripple's blockchain-enabled payment products will be integrated into Thunes' Direct Global Network, with a view to facilitating quicker and more convenient cross-border payments. Ripple's enterprise clients will also enjoy simpler withdrawals in new currencies and geographies, enhancing global payout strength.

Key highlights:

• Thunes and Ripple expand 2020 alliance to simplify global cross-border payments and broaden market reach
• Integration of Ripple’s blockchain with Thunes’ Direct Global Network enables faster, more reliable payouts in multiple currencies
• Partnership bridges traditional finance and digital assets, enhancing access, compliance, and last-mile delivery in under-banked regions

"Members from both the traditional financial world as well as the digital assets universe connect to Thunes. We are well-positioned to bring these two realms together and shape the future of digital assets, and this partnership with Ripple reinforces this," stated Chloe Mayenobe, President and COO at Thunes.

Ripple Payments, which supports more than 90 payout markets and has handled over USD 70 billion in volume, will also improve Thunes' SmartX Treasury System. By providing reliable real-time payouts in local currency, Thunes continues to be instrumental in facilitating 'last-mile' delivery in under-banked regions.

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Fiona Murray, Ripple's Asia Pacific Managing Director, stated the alliance is a common purpose to transform global payments. "Through the integration of Thunes' large and reputable Direct Global Network with Ripple's digital asset network, we are improving payment speed, access, and compliance between regions," she added.

The companies stated the enhanced partnership would service increased demand for easy, low-cost,