First Abu Dhabi Bank selects Thunes to enable global mobile wallet payouts

Core Insights - First Abu Dhabi Bank (FAB) has partnered with Thunes to enhance international payment options for its clients in the UAE, enabling mobile wallet payouts to over 130 countries through its Direct Global Network [1][2] - This collaboration aligns with national strategies such as the "We the UAE 2031" vision and the "Central Bank's Financial Infrastructure Transformation (FIT)" programme, promoting digital innovation and financial inclusion [2] - Thunes' Direct Global Network facilitates real-time payments in over 80 currencies and connects to more than seven billion mobile wallets and bank accounts globally [3][4] Company and Industry Developments - Thunes aims to broaden access to next-generation payment channels worldwide, enhancing the speed and ease of cross-border payments [3][4] - The partnership with FAB is seen as a significant endorsement of Thunes' capabilities in delivering global interoperability at scale [3] - In a related development, Thunes has also collaborated with Ecobank Group to facilitate instant cross-border payments across Sub-Saharan Africa, further integrating banking and fintech systems [5]