back Back

China Construction Bank & Thunes team to offer cross-border payments

By Gloria Mathias

October 27, 2023

  • accept
  • and comply
  • APAC Fintech news

Thunes, Visa, EDBI, Payments, Singapore, FinTech, Finance, Endeavour Catalyst, Thunes, Global Payments Network, China Construction Bank, Cross Border Payments, Thunes, the global B2B payment infrastructure platform, and China Construction Bank (CCB), a commercial bank in China, have announced a partnership to collaborate on cross-border payments.

With the new relationship, Thunes will support the bank to enable international payment acceptance for Chinese small to medium-sized businesses (SMBs) and introduce outbound cross-border payments for CCB’s consumers, with both products expected to be launched in 2024.

Peter De Caluwe, CEO, Thunes said, “Financial institutions like China Construction Bank play an increasingly vital role in providing financial services in China and beyond. Our collaboration with CCB will help the bank better support their customers by working interoperable across currencies and borders.”

In June 2023, Thunes inaugurated its Beijing office and deepened its commitment to empowering Chinese businesses and consumers with faster and more affordable transactions with key international markets.

China Construction Bank, headquartered in Beijing, is a large-scale commercial bank in China. The bank provides customers with comprehensive financial services, including corporate finance, personal finance, and treasury and asset management.

Thunes is a B2B payments company building global infrastructure by enabling seamless, instant, and transparent money movement. Its modular capabilities empower its customers to pay, accept, exchange, and comply, closing the gap between payment systems in developed and emerging markets worldwide.

Thunes facilitates payments in 80 currencies across 133 countries, using over 300 payment methods. The company supports dynamic businesses, from gig economy giants like Uber and Deliveroo to the super-app Grab to global fintech leaders like PayPal, Remitly, Finastra, and Revolut.

Previous Article

October 27, 2023

Curve launches its first-ever credit card for UK customers

Read More
Next Article

October 27, 2023

LSEG to unify Global Finance Operations on Oracle Cloud

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Payset and ClearBank partner for local and cross-border payments

Read More


Network International launches Business Payment Solutions with Mastercard

Read More


SaaScada & Partes sign embedded finance partnership in Switzerland

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024