Access Africa, a payment product developed to simplify global payments through various channels including P2P and B2B, and Thunes, a payment infrastructure platform that proficiently connects over 130 countries into a unified network, have collaborated to amplify and streamline cross-border payment services across 13 African countries.
This strategic partnership aims to fortify and expand the reach of Access Africa’s payment and remittance services to over 100 additional countries and expose Thunes to all 60 million customers of Access Africa across over 600 branch locations. Moreover, it aspires to enhance the connectivity between Africa and the rest of the world, whilst offering substantial improvements to customers who need to make routine cross-border payments to and from African markets.
Access Africa, an innovative payment product, specialises in facilitating global payments for various transaction flows including person-to-person, business-to-business, and more, operating through numerous corridors such as the United Kingdom, China, Spain, Turkey, and France among others.
On the other hand, Thunes, with its headquarters in Singapore and offices in 20 locations worldwide, excels in providing a modular platform that enables its customers to perform various financial operations like paying, accepting, and exchanging money while ensuring compliance. It enables transparent money movement, bridging the gap between payment systems in developed and emerging markets across the globe.
Customers of Access Africa, both account holders and non-account holders, will benefit from this partnership by being able to execute uncomplicated international payments and also receive diaspora inflows in USD from regions across the globe in forms of cash or bank deposits. It unifies digital payment technology advantages to address the traditional bank-based cross-border payment flows’ friction, thus making payments more swift, straightforward, and transparent.
Access Bank Senior Advisory Retail Robert Giles said, “This strategic partnership reinforces Access Africa’s commitment to providing customers and non-customers with access to top-quality remittance services. Our partnership will significantly expand the reach of Access Africa’s payment and remittance services to over 100 more countries and expose Thunes to all 60 million customers of Access Africa with over 600 branch locations.”
Thunes Executive Vice President Aik Boon Tan expressed, “We are excited for the future of our partnership as we enhance the connections between Africa and the rest of the world, and bring major improvements to customers that need to make regular cross-border payments to and from African markets.”
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