International payouts orchestration company, PayQuicker, has recently announced a strategic partnership with cross-border payment infrastructure firm Thunes in order to expand its e-Wallet payout capabilities globally. This collaboration aims to cater to the increasing demand for diverse and flexible payout methods, particularly in emerging markets where traditional banking services are limited, and e-Wallets are essential for managing finances and making payments. According to McKinsey, up to 60% of individuals in emerging markets prefer using e-Wallets over traditional banks.
By integrating advanced e-Wallet capabilities into its global payouts solutions, PayQuicker is enhancing its ability to offer faster and more convenient payouts worldwide. The company plans to provide access to over 120 e-Wallets in key emerging markets through this partnership. Some of the popular e-Wallets that will be available include GCash in the Philippines, Alipay in China, and Orange Money and M-Pesa in Africa.
PayQuicker’s CEO, Paul Beldham, shared his thoughts on the partnership, emphasizing the transformative impact of digital wallets on financial management, especially in regions with limited banking infrastructure. He highlighted that by collaborating with Thunes, PayQuicker is enabling millions of people globally to receive funds more efficiently and securely, offering a viable alternative to traditional banks. This not only empowers individuals to better manage their finances but also contributes to the economic growth of emerging markets by facilitating more reliable transactions.
Based in Rochester, New York, PayQuicker made its debut at FinovateFall 2022, showcasing its Payouts OS solution that intelligently orchestrates payments across 200+ countries in 40+ currencies. Thunes, on the other hand, was established in 2019 following the rebranding of Finovate alum TransferTo into two separate entities – Thunes focusing on cross-border payments and DT One on mobile top-up and rewards.
Earlier this month, Thunes partnered with Alipay+ to enable merchants in Paris to accept payments from 15 international e-Wallets and mobile platforms. In July, the company expanded its global network by adding cross-border payment service provider LianLian Global.
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Conclusion:
In conclusion, the partnership between PayQuicker and Thunes represents a significant step forward in enhancing global e-Wallet payout capabilities. By leveraging the expertise of both companies, millions of individuals in emerging markets will have access to faster, more secure, and convenient payment solutions, ultimately driving financial inclusion and economic growth. This collaboration underscores the vital role that digital wallets play in transforming financial services and empowering people worldwide.
