Papara's over 21 million users can send and receive money to
and from five continents, further enhancing its cross-border
transfer capabilities.
ISTANBUL and SINGAPORE,
Nov. 11,
2024 /PRNewswire/ -- Thunes, the Smart
Superhighway to move money around the world, today welcomed
Papara, Türkiye's leading fintech company, as a new Member of
its Direct Global Network, and allies to facilitate cross-border
payments to and from Türkiye. This collaboration empowers Papara
users in Türkiye, enabling them to send money into 3 billion mobile
wallet accounts, 4 billion bank accounts, and 15 billion cards in
over 80 currencies to more than 130 countries. The cooperation also
enables fast, simple and affordable international money transfers
directly to Papara accounts, marking the first time such a service
is available in Türkiye.
With over 21 million users, Papara offers comprehensive digital
services facilitating various domestic and international financial
transactions. The alliance allows Thunes' extensive Direct Global
Network Members to send money directly to Papara accounts in
real-time, providing a faster, more convenient way to transfer
money to Türkiye. With Thunes' in-house SmartX Treasury System and
Fortress Compliance Platform, Members of the Network receive
unrivaled speed, control, visibility, protection, and cost
efficiencies when making real-time payments, globally.
Simon Nelson, Chief
Revenue Officer at Thunes said: "It is an honor to welcome Papara
to our proprietary Direct Global Network. Papara users in the
Republic of Türkiye can send money to Africa, Asia,
Europe, the Middle East, and North and South America, supporting Papara in its quest
to offer compelling international money transfer services to its
users."
Aik Boon Tan, Chief
Network Officer at Thunes added: "We are thrilled to partner with
Papara to expand our Network's reach into Türkiye. By enabling
direct transfers to Papara accounts, we are removing traditional
barriers and offering a more efficient service for cross-border
payments into Türkiye to Members of our Direct Global Network."
Emre Kenci, CEO at Papara, commented: "Our partnership
with Thunes significantly enhances Papara's cross-border payment
capabilities, providing our users with a trusted and secure
platform for international transfers. Now, millions of Papara users
can receive money from around the world directly into their
accounts—a major step forward as they continue to send money using
our expanding global money transfer service. This alliance enriches
our offerings and reaffirms our commitment to delivering innovative
financial solutions for our users."
About Thunes:
Thunes is the Smart Superhighway to move money 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, as well as 15 billion
cards via more than 320 different payment methods, such as GCash,
M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat
Pay and many more. Thunes' Direct Global Network differentiates
itself through its worldwide reach, in-house SmartX Treasury System
and Fortress Compliance Platform, ensuring Members of the Network
receive unrivaled speed, control, visibility, protection, and cost
efficiencies when making real-time payments, globally. 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. Headquartered in Singapore, Thunes has offices in 15 locations,
including Abidjan, Barcelona, Beijing, Dubai, Hong
Kong, Johannesburg,
London, Manila, Nairobi, Paris, Riyadh, San
Francisco, Sao Paulo and
Shanghai. For more information,
visit: https://www.thunes.com/
About Papara:
Papara is a leading financial technology company based in
Turkey. Founded in 2015, Papara is
committed to providing fast, simple, affordable, and enjoyable
financial services for all. Papara brings an unrivaled range
of products and services offering instant and free transfers to
users as well as providing a one-stop shop for paying
bills, enabling international money transfers, buying insurance,
investing in precious metals, and tracking spending habits. In
addition, Papara offers Papara Cards that are valid worldwide and
online. Papara users who use Papara Cards earn instant cash rewards
with the Cashback program for purchases in specific brands and
categories. Papara has 21M retail
users and 7,000 corporate users, such as Uber and TikTok. Papara
has more than 1,000 employees. Papara is listed in the latest KPMG
Global Fintech100 and LinkedIn Top Startup Turkey 2022. Papara was
awarded "Best Fintech Startup" by VISA and selected the "Best
Startups" in the 2022 Finovate Awards organized by Finovate.
Papara is listed in CNBC & Statista's World's Top FinTechs of
2024 for the second year in a row. Papara is expanding its
products, services, and geographic reach to become the leading
challenger fintech in the region. For more information, visit:
https://www.papara.com/en
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