Thunes forays payments acceptance network to five SEA countries

By Gloria Mathias

Thunes, the global cross-border payments infrastructure network, has announced the expansion of its acceptance payment network to five major Asian markets: Indonesia, Malaysia, Philippines, Singapore, and Thailand.

This will enable European and international merchants to receive payments from consumers in Southeast Asia and settle in their currency of choice.

Thunes expanded payment acceptance network enables global merchants to accept payments from Southeast Asia’s most popular local payment brands, including:

• Indonesia: Alfamart, DANA, OVO, QRIS, ShopeePay
• Malaysia: DuitNow, Boost, GrabPay, Maybank QR, ShopeePay, Touch ’n Go
• Philippines: Cebuana Lhuillier, GCash, GrabPay, InstaPay, Maya, PESONet, ShopeePay
• Singapore: Atome, GrabPay, PayLater by Grab
• Thailand: Bangkok Bank, Bank of Ayudhya – Krungsri, KBank, Krungthai Bank, SCB, PromptPay, Rabbit LINE Pay

Andrew Stewart, Executive Vice President of Account Management and Network, said, “While Southeast Asia’s rapid growth offers a remarkable and enticing opportunity, the speed of change in this region can pose a daunting challenge for merchants. In order to keep up with ever-evolving consumer preferences, businesses must be agile and provide a range of local payment options.

At Thunes, we’ve hand-picked the most relevant payment brands in Southeast Asia to help merchants in gaming, eCommerce and marketplace platforms enter new markets and expand their footprint,” stated Stewart.

Through our extensive acceptance network comprising 300 payment methods in 90 countries, businesses can easily tap into the vast digital-first consumer market, creating instant connections with millions of potential clients,” concluded Andrew.

Thunes is a B2B payments company building global infrastructure by enabling seamless, instant, and transparent money movement. Its modular capabilities empower its customers to Pay, Accept, Exchange, and Comply, closing the gap between payment systems in developed and emerging markets worldwide.

Thunes facilitates payments in 80 currencies across 133 countries, using over 300 payment methods. The company supports the world’s most dynamic businesses, from gig economy giants like Uber and Deliveroo to the super-app Grab to global fintech leaders like PayPal, Remitly, Finastra and Revolut.