Cross-Border Payments, CR2 Announce Partners with Thunes

Global B2B payments company, Thunes has teamed with CR2, a market leader in the digital banking and payments space. Through this partnership, CR2 clients may easily send money to more than 130 nations, enhancing the platform’s ability to process payments internationally. Cross-border payments have historically been expensive for both the sender and the receiver and reliant on correspondent banking networks.

Customers can transfer and receive money in a more practical, inexpensive, and almost real-time manner, directly to their account, thanks to the CR2 and Thunes relationship. Additionally, it gives banks a tantalizing chance to introduce a brand-new, user-friendly payment solution, opening up new revenue streams, boosting client engagement, and putting the bank at the center of the lucrative remittance market.

By working together, CR2 and banks can give their clients a better banking experience. Customers of banks can instantly send and receive money to bank accounts, mobile wallets, and cash pick-up locations, enabling the recipient to receive payments in their local currency. A global payment network with more than 130 countries, 79 local currencies, and several payment methods is accessible to banks through Thunes.

Through an already-existing interface with CR2’s Digital Banking and Payment Platform, banks may simply connect with Thunes with the least amount of time, effort, and resources.

Cross-border payments offer banks a huge chance to increase their revenue, according to Fintan Byrne, CEO of CR2. Byrne noted that an increased need for enhanced customer experiences has been generated by the usage of technology and changing consumer needs.

“The use of technology and shifting customer needs have created a new demand for a better customer experience. Banks are expected to deliver payment solutions that are simple and low-cost. We are delighted to work with Thunes to enable our customers to expand payment capabilities, reach more markets, support economic growth and increase financial inclusion,” said Byrne.

Peter De Caluwe, CEO of Thunes, said: “This partnership with CR2 will help bring frictionless and less costly cross-border payments to banks’ customers worldwide. Thunes’ goal is to make financial services affordable and accessible to everyone, and this exciting move represents another significant step forward.”