Rajarshi Mitra
Independent Analyst
- The partnership will allow Western Union clients to transfer funds to mobile wallets globally.
- Thunes have collaborated with Stellar to integrate blockchain-powered settlements into their services.
Payment powerhouses Western Union will be partnering up with Thunes to enable WU clients to transfer funds to mobile wallets globally. Thunes is a Singapore-based cross-border payments network focused on emerging markets. They have collaborated with Stellar to integrate blockchain-powered settlements into their services.
In an official press release, Sobia Rahman, Global Head of Account Payout Network for Western Union, stated:
“We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets. Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.”
Steve Vickers, CEO at Thunes, said:
"We are delighted to be working with Western Union to provide global reach for their customers. Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast networks, Western Union customers will now have more flexibility when sending money across borders.”
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