Thunes Teams with China Construction Bank to Boost Cross-Border Payments

Published 6 months ago

Thunes, the global B2B payment infrastructure platform, is set to collaborate with China Construction Bank (CCB), a top commercial bank in China, to enhance cross-border payments. The partnership aims to facilitate international payment acceptance for Chinese small to medium-sized businesses (SMBs) and introduce outbound cross-border payments for the bank’s consumers. The new products are expected to be introduced in 2024.

Thunes’ CEO, Peter De Caluwe, expressed that financial institutions like CCB play an essential role in providing financial services in China and globally. He believes that the collaboration will enable the bank to better serve their customers by working interoperably across currencies and borders.

Strengthening Presence in China

Thunes has shown a solid commitment to empowering Chinese businesses and consumers. In June 2023, the company inaugurated its Beijing office, aiming to provide faster and more affordable transactions with key international markets.

About China Construction Bank

CCB, based in Beijing, is a leading large-scale commercial bank in China. It offers customers a wide range of financial services, including corporate finance, personal finance, and treasury and asset management. The bank operates through 14,356 banking outlets with a workforce of 352,588 serving 739 million personal and 9.35 million corporate customers. It also has nearly 200 overseas entities across 31 countries and regions.

About Thunes

Thunes, a B2B payments company, is building a global infrastructure for the 21st-century world of finance, aimed at enabling seamless, instant, and transparent money movement. The company supports transactions in 80 currencies across 133 countries, using more than 300 payment methods.

Some of the world’s most dynamic businesses, including Uber, Deliveroo, PayPal, Remitly, Finastra, and Revolut, rely on Thunes. Founded in 2016 and headquartered in Singapore, Thunes has offices in 20 locations, including Beijing, Nairobi, London, Paris, Dubai, and Barcelona. The company has thus far raised over $200 million, with the most recent funding round being Series C in July 2023.

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