China Construction Bank and Thunes collaborate on cross-border payments
Thunes, the global B2B payment infrastructure platform, and China Construction Bank (CCB), a leading commercial bank in China, have announced partnership to collaborate on cross-border payments.
With the new relationship, Thunes will support the bank to enable international payment acceptance for Chinese small to medium-sized businesses (SMBs) and introduce outbound cross-border payments for CCB’s consumers, with both products expected to be launched in 2024.
Peter De Caluwe, CEO, Thunes says: “Financial Institutions like China Construction Bank play an increasingly vital role in providing financial services in China and beyond. Our collaboration with CCB will help the bank better support their customers by working interoperably across currencies and borders.”
In June 2023, Thunes inaugurated its Beijing office and deepened its commitment to empower Chinese businesses and consumers with faster and more affordable transactions with key international markets.
About China Construction Bank
China Construction Bank, headquartered in Beijing, is a leading large-scale commercial bank in China. The Bank provides customers with comprehensive financial services, including corporate finance business, personal finance business and treasury and asset management business. With 14,356 banking outlets and 352,588 staff members, the Bank serves 739 million personal and 9.35 million corporate customers.
The Bank has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking, with 24,094 staff members, and has nearly 200 overseas entities covering 31 countries and regions.
About Thunes:
Thunes is a global payment innovator enabling businesses to move money in real-time and in full transparency. We empower our customers to pay and get paid by anyone, anywhere, and however they prefer, closing the gap between payment systems worldwide. With Thunes, large, medium and small companies can Accept cards, bank transfers and more than 330 alternative payment methods, and Pay over 3 billion mobile wallets and 4 billion bank accounts.
Thunes facilitates payments in more than 80 currencies across 130+ countries, using local payment methods, including 120 mobile wallets like PayPal, M-Pesa and Airtel, for gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, IMTOs, Fintechs, PSPs and banks. Headquartered in Singapore, Thunes has a presence in 13 locations, including Barcelona, Beijing, Dubai, London, Manila, Nairobi, Paris, San Francisco and Sao Paulo.
Thunes puts money in motion. For more information, visit: https://www.thunes.com/
