Thunes launches real-time cross-border payments in Saudi Arabia

Core Insights - Thunes has launched real-time cross-border payments in Saudi Arabia, allowing instant payouts to bank accounts and wallets in Saudi Riyals (SAR) [1][2] - This initiative supports Saudi Arabia's Vision 2030 financial transformation, addressing the growing demand for fast and transparent payment solutions [2][4] - The service enhances transaction efficiency for individuals and businesses, particularly benefiting overseas businesses involved in Hajj and Umrah pilgrimage campaigns [3][4] Industry Context - The demand for rapid and reliable cross-border payments in Saudi Arabia is at an all-time high due to the country's digital shift in the financial sector [4] - According to Thunes' 2025 Report, 65% of expatriates prioritize transaction speed when choosing payment methods [2] - The direct connection with the Saudi banking network allows for faster, more cost-effective, and transparent transfers compared to traditional methods [3]