Core Insights - Thunes has received in-principle approval from the Monetary Authority of Singapore (MAS) for a variation of its Major Payment Institution (MPI) licence, which will allow the company to expand its payment services in Singapore [1][4] - The approval will enable merchants in Singapore to access a wider range of payment options, including international methods, enhancing their ability to accept payments from global customers [1][2] - Thunes plans to introduce new services such as account issuance, domestic money transfers, e-money issuance, and merchant acquisition alongside its existing cross-border money transfer business once the licence variation is granted [3][4] Company Strategy - The CEO of Thunes, Peter De Caluwe, emphasized that this approval is a significant step for the company's global strategy and will act as a catalyst for growth [4] - Thunes aims to strengthen its governance and innovation from its global headquarters in Singapore, reinforcing its commitment to connecting markets and empowering merchants [5] - Recent partnerships, such as with MoMo PSB in Nigeria and First Abu Dhabi Bank, highlight Thunes' strategy to enhance international payment options and facilitate instant remittances [5][6]

Core Insights - Thunes and MoMo PSB have partnered to enable instant international remittances for Nigerian users, allowing them to receive funds from major markets including Australia, the UK, the US, Canada, France, Saudi Arabia, South Africa, and Israel [1][2] Group 1: Partnership Overview - The partnership facilitates MoMo users in Nigeria to access global funds instantly for various transactions such as purchasing airtime, paying bills, and engaging in digital commerce [2][4] - MoMo PSB operates as a fintech platform and is a member of Thunes Direct Global Network, offering a wide range of digital financial services [2][3] Group 2: Financial Inclusion and Market Access - The collaboration aims to enhance financial inclusion in Nigeria by providing users with seamless access to international money flows, thereby integrating them into the global economy [4][6] - Thunes' Direct Global Network enables real-time cross-border money transfers by connecting with neobanks, local wallets, and financial institutions [3][4] Group 3: Executive Insights - Thunes' Chief Network Officer emphasized the importance of this alliance in allowing Nigerians to manage their finances conveniently and securely [4] - MoMo PSB's CEO highlighted the commitment to financial inclusion through the delivery of global remittances directly to users [5][6]

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]