Thunes Partners Cambodia’s ABA Bank for Faster, Cheaper Cross Border Payments
by Fintech News Singapore July 13, 2021Global payments network Thunes announced a partnership with ABA Bank (ABA) to enable Cambodians overseas to send money back home quicker and cheaper from around the world.
Powered by Thunes’ last-mile capabilities and extensive global network, Cambodians living, working and studying overseas can send money back home instantly and at more competitive rates.
In a further boost to efficiency and transparency, locals and expats in Cambodia will also be able to receive real time bank account transfers from Thunes’ extensive network of sending partners, in addition to cash payouts already made available through Thunes.
Thunes said that it will be doubling down on its focus on Cambodia by rolling out more capabilities in the future.
The firm had recently raised US$60 million in a Series B funding round, bringing the company’s total funding to US$130 million in less than two years.
Andrew Stewart
Andrew Stewart, Global Head of Networks at Thunes said,
“We are delighted to offer this market-leading real-time payments service, supporting local and overseas Cambodian communities who rely on fast, secure transfers for their day-to-day needs and operations.
Our partnership with ABA marks an important milestone as Thunes continues to improve access to Cambodia, one of the world’s fastest-growing economies,”
Zhiger Atchabarov
Zhiger Atchabarov, Chief International Operations Officer at ABA Bank, commented,
“At ABA, we are committed to providing every customer with fast and convenient access to funds. Therefore, we praise the opportunity to leverage the speed, efficiency and global reach of Thunes to serve our customers’ needs even better.
Accelerating digital innovation and value-added services for the benefit of the Cambodian community is core to the Bank’s vision.”
Featured image credit: ABA Bank Facebook Page
