United States — Thunes is to support Fiserv’s merchant ecosystem with international payout capabilities under a new strategic collaboration between the two companies.
The arrangement will allow ecommerce platforms, marketplaces and other Fiserv clients to send payments internationally through a single integration, including payments to employees, billers and suppliers.
According to the companies, Thunes’ Direct Global Network provides access to 12 billion bank accounts and mobile wallets across more than 140 countries and 90 currencies.
“As merchants expand across borders, they need payments that are as seamless as their growth ambitions. Our work with Thunes helps businesses move money globally with greater speed, transparency and predictability, supporting more efficient and scalable global operations,” said Sanjay Saraf, Chief Product Officer at Fiserv Merchant Services.
The collaboration will use Thunes’ cross-border payments infrastructure to support payouts for Fiserv customers, with real-time transfers available in supported markets.
“We are thrilled to enable cross-border payments infrastructure for Fiserv as they expand the boundaries of what their customers can achieve,” said Chloé Mayenobe, Deputy CEO at Thunes.
“This collaboration further validates Thunes’ ability to support the world’s largest fintechs with a robust global network designed to support compliant and efficient cross-border payouts. Together with Fiserv, we are powering the future of global commerce by making cross-border payments transparent, reliable, and real-time in supported markets,” she continued.
Thunes said the agreement also forms part of its expansion in the Americas. The company said it has obtained money transmission licences in all US states where they are required.
“This collaboration with Fiserv captures the powerful momentum we are building in the US. U.S. platforms and marketplaces have historically faced significant friction when paying out globally at scale,” said Kyle Rosen, Head of Americas at Thunes.
“Together, Thunes’ licensed US payments capabilities and Fiserv’s merchant ecosystem can unlock increased speed and efficiency for businesses looking to capture global growth. We are proud to be the infrastructure engine driving this next chapter of real-time commerce for US enterprises,” he continued.
Thunes said it is continuing to expand its support for fintech companies in the US and other markets through its Direct Global Network, which is designed to facilitate international money transfers.
