CONNECT WITH US
Fintech

Fintech

Thunes and UnionPay International Transform Payments to China’s Mainland, Launching High-Capacity Instant Payouts

Global Fintech Series logo

Published on

Add as a preferred source on Google
Thunes and UnionPay International Transform Payments to China’s Mainland, Launching High-Capacity Instant Payouts

Thunes, the Smart Superhighway to move money around the world, announced a deepening of its strategic alliance with UnionPay International (UPI), transforming cross-border money movement into China’s mainland with bank-grade security and expansive operational scale.

Through this collaboration, Thunes enables Financial Institutions, Payment Service Providers, and Money Transfer Operators to route instant cross-border consumer payouts to UnionPay cards in China’s mainland. With a strategic reach that spans countries worldwide, key expansion corridors include Africa, Australia, Indonesia, New Zealand, Thailand, and the USA.

The direct connection will result in streamlined access to a massive base of UnionPay cardholders across 79 major Chinese banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BOCOM), China Merchants Bank (CMB).

Cross-border remittances into China’s mainland have historically been constrained by low daily transaction caps, forcing senders to split larger personal transfers across multiple days or endure complex manual processing. By integrating UnionPay International’s increased daily payment limit directly into its payout rails, Thunes bridges this critical market gap. Network Members can now process real-time, compliant transfers of up to $10,000 USD per recipient cardholder, empowering businesses to send larger volumes, and consumers to send substantial family support onto UnionPay cards in a single daily transaction, eliminating operational friction and settlement delays.

Read More on Fintech : Global Fintech Interview with Andy Jiang, Head of Product, Slash

As an officially recognised strategic partner to UnionPay International, Thunes provides a fully compliant, bank-grade route for Pay-to-Card services into China’s mainland that eliminates system outage risks, unauthorized routing, and service disruptions.


Source link

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.