Thunes Archives - Finovate

Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on August 11, 2025
Categories: 10x Banking, Array, Fintech Rundown, Jack Henry, Klarna, NTT Data, Thunes

Over the weekend we learned that fintech investment in the UK reached $7.2 billion in the first half of 2025. That figure is down slightly from last year’s total of $7.6 billion, according to KPMG’s Pulse of Fintech report. Meanwhile, here in the US, President Trump has signed an executive order enabling investors to buy alternative assets, including cryptocurrencies, for their 401(k) retirement savings plans.

Be sure to check back for more fintech news headlines all week long here at Finovate’s Fintech Rundown!

Digital banking

New Zealand-based Co-operative Bank partners with 10x Banking for core replacement.

Lending

Finastra inks collaboration with NTT Data, extending its Lending Cloud Service.

Payments

Payments processor Silverflow teams up with fintech provider payabl. to upgrade its payments infrastructure.

TransferMate secures in-principle approval from the Monetary Authority of Singapore (MAS) to add payment services.

Global payroll and financial platform Ontop partners with Thunes to offer real-time wage access.

Payments company Nayax embeds its payment technology into 100,000 Autel Energy EV chargers in North America and Europe.

Crypto and Defi

Digital asset platform Zodia Markets raises more than $18 million in Series A funding.

E-commerce

Klarna unveils new enablement via the Stripe for WooCommerce integration.

Financial wellness

Jack Henry and Array team up to launch new Banno Digital Banking Platform capability, MyFinancialHealth.

Fraud prevention

Sidney Federal Credit Union deploys Illuma’s IllumaSHIELD voice authentication and caller fraud prevention solution.

Photo by Alexandre Chambon on Unsplash

PayQuicker Teams Up with Thunes to Boost e-Wallet Payout Capabilities

By David Penn Posted on August 20, 2024
Categories: Alumni News, Alumni profile, Daily news, PayQuicker, Thunes

International payouts orchestration company, PayQuicker, has forged a partnership with cross-border payment infrastructure firm Thunes to expand its e-Wallet payout capabilities around the world.

The integration is designed to better serve the growing demand for diverse and flexible payout methods. This demand is especially acute in emerging markets, where access to traditional banking is limited and tools like e-Wallets play a major role in helping individuals manage finances and make payments. McKinsey estimates that up to 60% of those in emerging markets prefer to use e-Wallets instead of traditional banks.

Integrating enhanced e-Wallet capabilities into its global payouts solutions mix will help PayQuicker fulfill its objective of providing faster, easier payouts around the world. The company said that it will offer access to more than 120 e-Wallets in key emerging markets, courtesy of the new partnership. Among the e-Wallets that will be accessible are popular e-Wallets such as the Philippines’ GCash, China’s Alipay, and both Orange Money and M-Pesa of Africa.

“Digital wallets are transforming the way people manage their finances, especially in regions where traditional banking infrastructure is lacking,” PayQuicker CEO Paul Beldham said. “By teaming up with Thunes, we’re further enabling millions of people around the world to receive their funds faster and more securely, providing the flexibility of a bank alternative. This not only empowers individuals to better manage their day-to-day finances but also supports the economic growth of emerging markets by facilitating more reliable transactions.”

Headquartered in Rochester, New York, PayQuicker made its Finovate debut at FinovateFall 2022. At the conference, the company demoed its Payouts OS solution, which packages the company’s payments technology into a payouts payment orchestration platform that intelligently determines and facilitates the fastest, most cost-effective payouts across 200+ countries in 40+ currencies.

Thunes was formed in 2019 when Finovate alum TransferTo rebranded as two separate businesses: one, Thunes, focusing on cross-border payments and the other, DT One, focusing on mobile top-up and rewards. Earlier this month, Thunes announced a partnership with Alipay+ to enable merchants in Paris to accept payments from 15 international e-Wallets and mobile partnerships. In July, Thunes added cross-border payment service provider LianLian Global to its global network.

Photo by JÉSHOOTS

TrueLayer and Thunes Team Up for Open Banking

By Julie Muhn (@julieschicktanz) Posted on June 1, 2022
Categories: Daily news, Thunes, TransferTo

Open banking platform TrueLayer is partnering with cross-border payments company Thunes.
Thunes will integrate TrueLayer’s open banking technology into its platform, making open banking available as a payment method.
TrueLayer helps 100,000 merchants across the U.K., Europe, and Australia power open banking payments experiences that connect payments, data, and identity.

In the U.K., open banking is the rule, rather than the exception. So today’s partnership between open banking platform TrueLayer and cross-border payments company Thunes is targeting the right geography. Through today’s partnership, the two firms aim to streamline and improve the payment experience of consumers in the U.K. and Europe.

“Open banking payments are gaining momentum not only in the U.K. but also in the rest of Europe, and we really believe that this strong partnership with TrueLayer, a leader in the field, will help to move forward and make this new definition of smart payment a reality for all,” said Thunes Managing Director Christophe Bourbier.

Thunes will integrate TrueLayer’s open banking technology into its platform, making open banking available as a payment method for its 100,000 merchants. TrueLayer’s open banking payment technology bypasses traditional card networks and their associated fees, which helps merchants offer a faster and more cost-effective payments experience that reduces both fraud and chargebacks.

“Open banking is rapidly moving to the mainstream, as more merchants adopt account-to-account payments thanks to their ability to deliver significant cost savings, enhanced security, and speed of settlement when compared to other payment methods,” said TrueLayer Head of Payment Partnerships Mariko Beising. “Thunes has a track record of adopting and optimizing the latest payments options for its customers, so they can focus on running their business. Implementing open banking is the next logical step and we believe that together we can deliver significant value to merchants across Europe through a trusted partner.”

Thunes was founded in 2016 as TransferTo and rebranded to Thunes in 2019. The company offers a cross-border payments and collection network that supports 79 currencies, enables payments to 130 countries, and offers 300 payment acceptance methods. Among the company’s use cases are cross-border payments, business payments, virtual payments, and virtual account issuance. Headquartered in Singapore, Thunes also has offices in London, Paris, Shanghai, New York, Dubai, Nairobi, Arizona, and Barcelona.

TrueLayer helps businesses across the U.K., Europe, and Australia power open banking payments experiences that connect payments, data, and identity to help people spend, save, and transact online. The company was founded in 2016 and is connected to thousands of financial institutions across the U.K. and Europe. Last September, TrueLayer landed a $130 million investment that boosted the company’s total funding to $272 million.

Photo by Alex Andrews