SAN FRANCISCO, January 14, 2025 /PRNewswire/ — Thunesthe smart highway for moving money around the world, now welcomes Hyperwalleta PayPal service for global payments, as part of the Thunes direct global network. As part of this network, Hyperwallet customers can send money in real time quickly and reliably to more than 450 million mobile wallets and bank accounts around the world. Bangladesh, Indonesia, Malaysia, Philippines, South KoreaAnd Vietnam[i].
According to a Deloitte 2024 Report on cross-border payments, the Asia-Pacific The region accounts for nearly 70% of global digital wallet spending. With this new alliance, Hyperwallet can help its extensive global merchant base, including some of the world’s best-known super apps, marketplaces and social media platforms, offer customers their preferred method of accessing funds.
Floris de KortCEO of Thunes, said: “Welcoming PayPal Hyperwallet to our direct global network highlights our ability to deliver powerful new capabilities to leading fintechs. With our extensive network that connects directly, seamlessly and reliably to over 7 billion bank accounts and mobile wallets. worldwide, combined with our SmartX treasury system and Fortress compliance platform, Thunes is uniquely positioned to help Hyperwallet increase its reach in fast-growing geographies to enhance its cross-border payment services.
Consumer payment preferences vary significantly across the APAC region based on banking penetration, the proliferation of real-time payment systems and the use of digital wallets in each market. Thunes recently published “From Cash to QR Codes: Discovering the Diversity of Payment Culture in Southeast Asia“, exploring the region’s evolving payments landscape and showcasing digital wallet payment adoption rates of over 30% in countries like the Philippines And Indonesia.
[i] As of today, this system is currently in effect in Korea, with other markets expected to open in 2025.
Media Contact: Sylvia McKaige
E-MAIL: sylvia.mckaige@salweengroup.com
Contact number: +65 9476 2581
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SOURCE Thunes
