Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Thunes and Ecobank have joined forces to enable instant cross-border payments across Sub-Saharan Africa. The partnership integrates banking and fintech systems across 32 countries, enhancing liquidity access, financial inclusion, and regional participation in Africa’s expanding digital economy.
Thunes and Ecobank have launched a partnership enabling instant cross-border payments across 32 African countries, beginning in Togo, to expand financial inclusion and drive the continent’s digital economy.
Thunes has rolled out a real-time money transfer service in Morocco, enabling instant payouts in Dirhams. With Morocco receiving $11.5 billion in remittances in 2023, the service leverages direct bank integrations to ensure faster, cheaper, and more transparent cross-border payments, enhancing financial inclusion.
Thunes has launched instant cross-border payments in Morocco, allowing real-time dirham transfers to local bank accounts. The expansion meets rising remittance demand into North Africa and builds on Thunes’ global payments network spanning 130 countries, 80 currencies, and 320 payment methods.
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.