Thunes, the Singapore-based payment firm, and Ripple, the US digital asset infrastructure for financial institutions, have announced an expanded partnership to boost cross-border payments globally.

Building on their successful collaboration established in 2020, the partnership will improve the customer payout experience, further streamline global money movement and broaden payout reach across key markets, Thunes said in a statement on Tuesday.

As demand for digital financial services grows, Thunes has integrated blockchain and digital asset technologies to enhance its Direct Global Network.

By leveraging Thunes’s proprietary Network with Ripple’s blockchain-powered payments solutions, the two companies are driving more efficient and accessible cross-border payments for financial institutions and businesses around the world.

Ripple’s enterprise customers can withdraw funds more easily in new currencies and countries, further enhancing their global payment capabilities.

Thunes also ensures dependable real-time payouts in local currencies through its Direct Global Network and plays a key role in facilitating ‘last-mile’ delivery in regions with limited banking infrastructure.

The partnership will enhance the reach and efficiency of its network, providing businesses and end users with fast, secure, and accessible financial services.

Thunes is also utilizing Ripple Payments to enhance its SmartX Treasury System.

Ripple Payments enables fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide.

To date, it has near-global coverage with 90+ payout markets representing more than 90 percent coverage of the daily FX markets, processing more than $70 billion in volume.

“Members across both the traditional finance space and the digital assets ecosystem connect with Thunes. We are in a prime position to bridge these two worlds and drive the future of digital assets, and our alliance with Ripple underscores this,

“By supporting real-time settlement, and deep local integrations, we are enabling digital asset companies to deliver seamless, compliant, and accessible cross-border payments at scale,” said Chloe Mayenobe, President and Chief Operating Officer at Thunes.

Fiona Murray, Managing Director, Asia Pacific at Ripple, said the firms are committed to reshaping the future of global payments through blockchain technology.

“Our partnership with Thunes accelerates our shared mission to improve the efficiency, speed, and security of global payments. By combining Thunes’ extensive and trusted Direct Global Network with Ripple’s digital asset infrastructure, we are enhancing payment speed, accessibility, and compliance across regions,

“This partnership not only facilitates seamless, low-cost transactions but also supports the growing demand for innovative, blockchain-powered financial solutions globally,” she added.


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