Global cross-border payments infrastructure provider Thunes announced an expanded strategic alliance with UnionPay International, introducing high-capacity direct remittance corridors into mainland China. The technological integration enables financial institutions, digital wallet providers, and multinational corporations worldwide to execute real-time money transfers directly into billions of UnionPay debit card accounts across China. By leveraging direct clearing channels, the platform eliminates intermediary bank routing delays and significantly lowers transaction fees for cross-border capital transfers.
Corporate executives highlighted that the streamlined payout infrastructure satisfies growing commercial demand for instant cross-border supplier settlements, payroll disbursements, and personal family remittances. The network architecture incorporates advanced anti-money laundering screening and regulatory reporting protocols, ensuring full compliance with Chinese cross-border financial regulations and data privacy standards. Financial technology analysts emphasized that partnering with UnionPay positions Thunes to capture expanding payment flows across Asian e-commerce corridors and international trade routes.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://www.prnewswire.com/news-releases/thunes-and-unionpay-international-transform-payments-to-chinas-mainland-launching-high-capacity-instant-payouts-302925222.html