RIYADH, Kingdom of
Saudi Arabia, Sept. 11,
2024 /PRNewswire/ -- Thunes, the Smart Superhighway
for money movement around the world, announces a strategic alliance
with TeleMoney, the International Remittance arm of Arab National
Bank (ANB). This collaboration marks a significant milestone, as
TeleMoney's membership in the Thunes Direct Global Network
underscores the growing trust that Thunes has earned from
established financial institutions in Saudi Arabia seeking to expand their global
cross-border payment capabilities.
This alliance will allow TeleMoney to send funds directly to
digital wallets and facilitate seamless bank transfers across key
markets in Asia and Africa. By leveraging Thunes Direct Global
Network, which connects to over 7 billion mobile wallets and bank
accounts worldwide, TeleMoney will also benefit from Thunes' Smart
Treasury Management Platform, providing customers with fast,
transparent, secure and compliant real-time global payments.
Simon Nelson, Chief
Revenue Officer, Middle East &
South Asia at Thunes said
"This alliance with ANB's TeleMoney is a powerful demonstration of
the trust that Thunes has built with established financial
institutions in Saudi Arabia. We
are honoured to welcome Arab National Bank and TeleMoney as members
of the Thunes Direct Global Network. As more banks in the region
look to expand their international reach, Thunes is committed to
being their partner of choice, providing the technology and
infrastructure needed to thrive in today's digital economy."
Khalid Al Ibrahim, Head of
TeleMoney commented, "TeleMoney's collaboration with Thunes is a
strategic step forward in enhancing our international remittance
services and providing our customers with more versatile and
efficient payment options across Asia and Africa. This partnership underscores our
dedication to innovation and our mission to deliver modern and
superior financial services to our customers globally."
This collaboration positions Thunes as a key player in the Saudi
Arabian financial ecosystem, contributing to the Kingdom's vision
of becoming a leading global fintech hub. It highlights the
confidence that Saudi Arabia's
traditional banking sector places in Thunes' ability to drive
innovation and efficiency in the rapidly evolving global financial
services landscape.
Contact:
Amelia Fairbairn, Headland,
thunes@headlandconsultancy.com
Mathieu Limousi, Chief Marketing Officer, Thunes,
mathieu.limousi@thunes.com
About Thunes:
Thunes is the Smart Superhighway for
money movement around the world. Thunes' proprietary Direct Global
Network allows Members to make payments in real-time in over 130
countries and more than 80 currencies. Thunes' Network connects
directly to over 7 billion mobile wallets and bank accounts
worldwide, via more than 350 different payment methods, such as
GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay,
WeChat Pay and many more. Members of Thunes' Direct Global Network
include gig economy giants like Uber and Deliveroo, super-apps like
Grab and WeChat, MTOs, fintechs, PSPs and banks. Thunes' Direct
Global Network differentiates itself through its worldwide reach,
in-house Smart Treasury Management Platform and Fortress Compliance
Infrastructure, ensuring Members of the Network receive unrivalled
speed, control, visibility, protection and cost efficiencies when
making real-time payments globally. Headquartered in Singapore, Thunes has offices in 12 locations,
including Barcelona, Beijing, Dubai, London, Manila, Nairobi, Paris, Riyadh, San
Francisco, Sao Paulo and
Shanghai. For more information,
visit: https://www.thunes.com/
About TeleMoney:
TeleMoney is a premier provider
of international money transfer services in Saudi Arabia, offering a comprehensive suite
of options for international transfers with ease and efficiency.
Through its cutting-edge digital channels and a network of over 60
dedicated TM Centers across the Kingdom, TeleMoney ensures a
seamless and user-friendly experience. Since its inception in 1992,
the service has expanded to include several countries with a focus
on key corridors such as India,
Pakistan, Philippines, Nepal, Bangladesh, Sri
Lanka, Indonesia,
Egypt, & Jordan.
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