UniTeller partners with Thunes to expand footprint in Africa and Asia Pacific

By Edlyn Cardoza

UniTeller, an international cross-border and remittance payments processor based in the United States, has partnered with Singapore-based global payments network Thunes to expand its services in over 20 markets globally, including major emerging markets in Africa and the Asia Pacific. 

Given the growing demand for digital payment capabilities in emerging markets, it is more important than ever for industry players to promote market efficiency and expand user access to a broad range of digital financial services. 

The partnership with Thunes brings together the networks of two significant payments processors, increasing the accessibility of digital payment channels for users in the selected markets through account deposits, e-wallets or both. The partnership adds account deposit service with 552 banks and e-wallet service with 28 operators to UniTeller’s network, including Africa and the Asia Pacific. 

“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”, said Alberto Guerra, Chief Executive Officer of UniTeller.

“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. 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 Tamer El-Emary, Chief Operating Officer, Thunes About UniTeller Financial Services Inc. 

UniTeller Financial Services Inc. is a U.S. based Cross Border Payments Company and one of the market leaders offering digital and electronic Cross-Border Payments Processing Services. UniTeller offers a unique digital and cross border payment platform. With a single integration, Financial Institutions, Banks, FinTechs and Money Transfer operators can access a global distribution network to more than 80 countries worldwide. 

Thunes is a B2B company that powers payments for the world’s fastest-growing businesses. Corporates and financial institutions can move funds seamlessly, securely and cost-effectively with Thunes’ well-established, reliable and far-reaching network. Leading global banks use Thunes, money transfer operators, platforms and many other businesses to make payments to bank accounts, mobile wallets and cash pick-up providers worldwide. With a single, simple connection, your business and customers can send payments to – and get paid in – every corner of the world. Instantly. Thunes is headquartered in Singapore with regional offices in London, France, Shanghai, New York, Dubai, and Nairobi.

Recently, IBS Intelligence reported that Thunes, a Singapore-based FinTech company and a leader in global cross-border payments, announced a partnership with Finastra, a pure-play software vendor that serves the entire financial services industry, to integrate into Finastra’s SaaS payments connectivity platform – Fusion Total Messaging.