Thunes launches cross-border payments in Colombia
Yahoo Finance·2025-10-24 10:33

Core Insights - Thunes has launched cross-border payment services in Colombia using the Bre-B instant payment system established by the central bank, Banco de la República, to enhance financial inclusion through quick and interoperable transfers [1][2] Group 1: Service Launch and Adoption - The Bre-B system allows immediate financial transactions, connecting various banks, digital wallets, cooperatives, and fintech companies [2] - Since its launch on October 6, 2025, 76% of Colombia's adult population has enrolled in the service, marking Thunes as one of the first global payment platforms to facilitate real-time cross-border transactions with Colombia's new system [3] Group 2: Market Trends and Digital Finance - Despite cash transactions making up nearly 78% of the total in Colombia, there is a rapid shift towards digital finance, supported by a bank account ownership rate exceeding 92% and increasing mobile wallet adoption [4] - The country is progressing towards a digitally-oriented economic landscape, indicating a significant transformation in its financial ecosystem [4] Group 3: Company Vision and Collaboration - Thunes emphasizes its commitment to building real-time payment systems globally, enabling secure and transparent money movement for individuals and businesses [5] - The company values the leadership of central banks like Colombia's in driving innovations for more inclusive and interoperable financial systems, positioning itself to enhance Colombia's participation in the global real-time economy [6]