With Thunes’ Pay-to-Wallet solution, any bank connected to Swift’s global network can connect to Thunes’ Direct Global Network and send payments to mobile wallets with minimal operational changes.
Thunes, a cross-border payment infrastructure platform, has announced the successful activation of Pay-to-Wallet by Banco Cathay of Costa Rica.
The solution expands the reach and efficiency of Banco Cathay’s cross-border services, enabling digital disbursements to markets where mobile wallets are a common payment method.
With Thunes’ Pay-to-Wallet solution, any bank connected to Swift’s global network can connect to Thunes’ Direct Global Network and send payments to mobile wallets with minimal operational changes. Transactions are supported by Thunes’ SmartX Treasury System and Fortress Compliance Platform, providing control, transparency, risk management, and cost-efficiency.
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Chloé Mayenobe, Deputy CEO at Thunes, said, “Thanks to our Pay-to-Wallet solution, any financial institution can utilise their existing secure swift connectivity to access our Direct Global Network and send instant payments to billions of mobile wallets worldwide.”
“Our alliance with Banco Cathay of Costa Rica proves what’s possible when traditional banking infrastructure meets next-generation payment rails. It’s important progress for financial inclusion and another example of how Thunes is enabling cross-border interoperability.”
Franklin Wang, Commercial Manager at Banco Cathay of Costa Rica, added, “We’re proud to bring this powerful capability to life. We are enabling faster, simpler, and more accessible cross-border payments for our customers who want to make payments to mobile wallets.”
This development supports Thunes’ objective of contributing to a more inclusive financial ecosystem and expanding access to digital payment services for underbanked and mobile-first populations. By linking traditional banking infrastructure with the mobile wallet sector, Thunes and the members of its network are contributing to the evolution of global payment services.
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