Global cross-border payments firm Thunes is speeding up its global expansion by setting up a regional hub in Miami to expand into new Latin American markets.
Thunes has established regional payout partnerships that are available in 16 Latin American countries, including Argentina, Brazil, Chile, Colombia, Mexico, and Uruguay.
It recently launched partnerships with Brazil’s Bexs Banco to enable real-time businesses and customers inbound payments to Brazil.
Thunes collections capabilities cover 90+ alternative payment options in the region, including Boleto in Brazil, Rapipago in Argentina, and SafetyPay in Colombia.
The increased flexibility enables more options for businesses and consumers to make cross-border transactions.
Thunes recently appointed Jenna Wyer, Senior Vice President for the Americas, who will leverage her experience in the mobile payments and e-commerce space to spearhead Thunes’ growth strategy in Latin America and set up partnerships with leading local digital payment players.
This development follows the company’s recent announcement that it will be ramping up its presence in Greater China.
“Given the exciting opportunities in Latin America and the Caribbean, we are expanding our team and technology to build a robust and inclusive payments infrastructure.
Our goal is to become a large payments platform in the region, making interacting with, managing and accepting cashless payments as fast and effortless as possible,”
said Aik Boon Tan, Chief Commercial Officer, Thunes.
“I’m thrilled to have the opportunity to build new strategic partnerships and drive Thunes’ continued expansion across Latin America’s vibrant markets.
The demand for smooth and easy payments is accelerating in Latin America, and Thunes is looking to address this opportunity.”
said Jenna Wyer, SVP for the Americas, Thunes.
This article first appeared on Fintech News Singapore.
Featured image: Edited from Unsplash