Pan Asia Bank has partnered with TerraPay to enable instant cross-border money transfers directly to bank accounts in Sri Lanka. This collaboration allows Sri Lankan migrants worldwide to send money quickly through TerraPay’s network, facilitating real-time transactions to over 1.5 billion bank accounts and mobile wallets globally.
Barq, a Saudi fintech company, has partnered with Alipay+ to enhance cross-border payments, becoming part of Alipay+’s international network. This collaboration supports Saudi Arabia’s Vision 2030 by improving financial transactions and boosting tourism. Barq’s previous partnership with Mastercard in 2024 further strengthens its payment solutions.
LuLu Exchange has partnered with Fintech Galaxy to improve cross-border payments in Bahrain by leveraging open banking solutions. This collaboration aims to enhance transaction speed, security, and convenience, aligning with Bahrain’s financial inclusion goals. The partnership positions LuLu Exchange as the first licensed company to integrate open banking for payments.
Cairo Amman Bank has partnered with Mastercard to improve cross-border money transfers for its customers in Jordan using Mastercard Move’s capabilities. This collaboration aims to enhance financial inclusion and facilitate secure, efficient payments to 37 countries. The partnership also includes tailored fraud analytics and risk control services.
Thunes has integrated PayPal’s Hyperwallet into its Direct Global Network, enabling real-time fund transfers to over 450 million mobile wallets and bank accounts across six APAC countries. This partnership enhances Hyperwallet’s ability to support cross-border payments through Thunes’ extensive network and payment capabilities.
Thunes has expanded its Direct Global Network into Egypt, enhancing its cross-border payment services with mobile wallet and bank account capabilities. This move capitalizes on Egypt’s rapidly growing mobile wallet adoption, projected to reach $3.8 billion by 2028, and aims to support remittance services effectively.
