CONNECT WITH US
Fintech

Fintech

Thunes Adds Venezuela to Its Global Real-Time Payment Network

Fintech News Singapore logo

Published on

Add as a preferred source on Google
Thunes Adds Venezuela to Its Global Real-Time Payment Network

Thunes now allows banks and payment providers to send money directly to Venezuelan bank accounts in real time.

Members of its Direct Global Network can process transfers through Credito Inmediato Interbancario, Venezuela’s instant interbank payment system.

The expansion supports remittances and freelancer payouts through money transfer operators and gig economy platforms.

Remittances remain an important source of income in Venezuela. Inflows were estimated at US$6 billion in 2025, equivalent to 7 percent of GDP. About half originated from the United States.

The new corridor also supports payments to mobile wallets and cash pickup locations, according to Thunes.

“Latin America remains a pivotal growth region for Thunes, and Venezuela’s market demands fast, transparent, and accessible cross-border financial infrastructure.

By opening this corridor, we empower our network Members to deliver life-changing financial connectivity to millions of individuals and businesses.”

The corridor uses Thunes’ SmartX Treasury System for liquidity management and its Fortress Compliance Platform to support regulatory compliance.

Featured image: Edited by Fintech News Singapore, based on image by lifeforstock via Magnific



Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.