Thunes Expands Cross Border Payments to Pakistan Through Bank Alfalah Partnershipby Fintech News Singapore August 25, 2021
Global payments network Thunes announced a partnership with Pakistan’s Bank Alfalah to enable real-time affordable cross-border payments to consumers in the country.
Thunes said that this partnership will “enable payments not just to Bank Alfalah’s clients, but to all of the 57 million of Pakistan’s banked population”.
With the addition of Pakistan, Thunes’ global network will now grow to 113 countries where it can facilitate inbound consumer or business payments.
“Historically, cross-border money transfers to Pakistan have been complicated by the lack of transparency, long waiting times, and burdened with hidden fees.
We are glad to create infrastructure that will benefit families, remote workers and communities across the nation who depend on money sent from overseas for their livelihoods,”
said Andrew Stewart, Global Head of Networks, Thunes.
“Bank Alfalah is collaborating with Thunes to provide the most automated and seamless cross-border payments experience to Pakistanis.
This solution reinforces our commitment to provide smarter and faster ways of sending remittances to Pakistan using digital innovation.”
said Saad Ur Rahman Khan, Group Head – Corporate, Investment Banking and International Business, Bank Alfalah.