Thunes and China Construction Bank Partner for Cross-Border Paymentsby Fintech News Hong Kong October 25, 2023
Global cross-border payments infrastructure network Thunes and China Construction Bank (CCB) have announced a partnership to collaborate on cross-border payments. Thunes had recently opened a Beijing office in June 2023.
The partnership will enable Thunes to support CCB in offering international payment acceptance for Chinese small to medium-sized businesses (SMBs) and outbound cross-border payments for CCB’s consumers. Both products are expected to be launched in 2024.
Thunes is a Singapore-based company that provides payment solutions in over 130 countries. CCB is one of the largest commercial banks in China, with over 14,000 branches.
Peter De Caluwe, CEO, Thunes said,
“Financial Institutions like China Construction Bank play an increasingly vital role in providing financial services in China and beyond.
Our collaboration with CCB will help the bank better support their customers by working interoperably across currencies and borders.”