back Back

Thunes forays payments acceptance network to five SEA countries

By Gloria Mathias

September 29, 2023

  • 300 payment methods
  • Alfamart
  • APAC Expansion
Share

Thunes, Visa, EDBI, Payments, Singapore, FinTech, Finance, Endeavour Catalyst, Thunes, Global Payments NetworkThunes, the global cross-border payments infrastructure network, has announced the expansion of its acceptance payment network to five major Asian markets: Indonesia, Malaysia, Philippines, Singapore, and Thailand.

This will enable European and international merchants to receive payments from consumers in Southeast Asia and settle in their currency of choice.

Thunes expanded payment acceptance network enables global merchants to accept payments from Southeast Asia’s most popular local payment brands, including:

  • Indonesia: Alfamart, DANA, OVO, QRIS, ShopeePay
  • Malaysia: DuitNow, Boost, GrabPay, Maybank QR, ShopeePay, Touch ’n Go
  • Philippines: Cebuana Lhuillier, GCash, GrabPay, InstaPay, Maya, PESONet, ShopeePay
  • Singapore: Atome, GrabPay, PayLater by Grab
  • Thailand: Bangkok Bank, Bank of Ayudhya – Krungsri, KBank, Krungthai Bank, SCB, PromptPay, Rabbit LINE Pay

Andrew Stewart, Executive Vice President of Account Management and Network, said, “While Southeast Asia’s rapid growth offers a remarkable and enticing opportunity, the speed of change in this region can pose a daunting challenge for merchants. In order to keep up with ever-evolving consumer preferences, businesses must be agile and provide a range of local payment options.

At Thunes, we’ve hand-picked the most relevant payment brands in Southeast Asia to help merchants in gaming, eCommerce and marketplace platforms enter new markets and expand their footprint,” stated Stewart.

Through our extensive acceptance network comprising 300 payment methods in 90 countries, businesses can easily tap into the vast digital-first consumer market, creating instant connections with millions of potential clients,” concluded Andrew.

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 the world’s most 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

September 29, 2023

InsurTech Root raises $1.5m to accelerate expansion plans

Read More
Next Article

September 29, 2023

GFT & Thought Machine to accelerate digitisation initiatives for US banks

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

300 payment methods

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

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

Today

FIS launches new Trade Matching Solution in the UK

Read More

Today

Wakanow selects Outpayce B2B Wallet for virtual payments

Read More

Today

MyZoi launches inclusive digital wallet for the underbanked

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
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!
close-link
Get your copy now! IBSi Sales League Table 2024