Thunes has obtained in-principle approval from the Monetary Authority of Singapore (MAS) for a variation of its Major Payment Institution (MPI) licence. If the licence variation is granted, Thunes will be able to extend its payment services in Singapore. Merchants in Singapore could then access a broader set of payment options, accepting funds from international customers through both local and global methods. Additionally, merchants operating in regions such as South Asia, the Middle East, Europe, and ...

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]

First Abu Dhabi Bank (FAB) has selected Thunes to provide worldwide mobile wallet payouts via its Direct Global Network, aiming to enhance international payment options for its clients in the UAE. Upon full integration of the solution, the customers of the bank will be able to send payments instantly to over 130 nations, offering them with accessible and transparent international payment solutions. This collaboration supports key national strategies, including the “We the UAE 2031” vision and the “Centra ...