First Abu Dhabi Bank selects Thunes to enable global mobile wallet payouts

First Abu Dhabi Bank (FAB) has selected Thunes to supply worldwide mobile wallet payouts via its Direct Global Network, aiming to heighten planetary outgo options for its clients successful the UAE.

Upon afloat integration of the solution, the customers of the slope volition beryllium capable to nonstop payments instantly to implicit 130 nations, offering them with accessible and transparent planetary outgo solutions.

This collaboration supports cardinal nationalist strategies, including the “We the UAE 2031” imaginativeness and the “Central Bank’s Financial Infrastructure Transformation (FIT)” programme.

These initiatives are intended to foster integer innovation, interoperability, and fiscal inclusion.

FAB and Thunes purpose to broaden entree to next-gen outgo channels worldwide.

Thunes main commercialized serviceman Simon Nelson said: “First Abu Dhabi Bank joining our Direct Global Network is simply a wide ballot of assurance successful Thunes’ quality to present planetary interoperability astatine scale.

“Together, we are making cross-border payments faster, and easier for everyone.”

Thunes’ Direct Global Network is said to alteration members to behaviour real-time payments successful implicit 80 currencies.

The company’s Network links to implicit 7 cardinal mobile wallets, stablecoin wallets, arsenic good arsenic slope accounts globally, and besides supports payments to 15 cardinal cards done implicit 320 chiseled outgo methods.

Singapore-headquartered Thunes operates from 14 offices globally, including locations successful Atlanta, Beijing, Barcelona, Dubai, Johannesburg, Hong Kong, London, Nairobi, Manila, Paris, Riyadh, Shanghai, and San Francisco.

In October, Thunes and Ecobank Group entered into a collaboration aimed astatine facilitating instant cross-border payments for businesses and individuals crossed Sub-Saharan Africa.

This statement aims to integrate banking and fintech systems connected a ample scale, simplifying the processes of sending, receiving, and managing funds internationally.

"First Abu Dhabi Bank selects Thunes to alteration planetary mobile wallet payouts" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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