Capitron Bank Joins Thunes’ Direct Global Network to Enhance the Payment Experience in Mongolian Market
Singapore – June 11 – Thunes, the Smart Superhighway to move money around the world, announces a strategic alliance with Capitron Bank, a leading financial institution in Mongolia. In joining Thunes’ Direct Global Network, Capitron Bank’s business and retail customers will be able to send funds instantly across borders to bank accounts, mobile wallets, cards, and cash pick-up locations worldwide.
With Mongolia’s export volumes experiencing double-digit growth year over year, demand for efficient, secure, and cost-effective cross-border transactions continues to increase. The alliance marks a significant milestone in Mongolia’s financial landscape, enhancing accessibility to global financial services for both consumers and businesses and empowering customers with greater financial inclusivity and efficiency. With Thunes’ extensive global reach and Capitron Bank’s commitment to financial innovation, Mongolian customers will now enjoy unprecedented access to instant and dependable international payments.
As a Member of Thunes’ Direct Global Network, Capitron Bank will also leverage Thunes’ SmartX Treasury System and Fortress Compliance Platform, to improve transaction speed, control, visibility, and security, ultimately ensuring a seamless customer experience.
“We are committed to innovation and providing our customers with the best financial solutions that meet their everyday needs. With access to Thunes’ trusted and expansive Network, we can offer a much faster, more efficient, and more affordable way for Mongolian businesses and individuals to send money across borders.”
Uurtsaikhbaatar Battsengel, CEO of Capitron Bank
“We are delighted to welcome Capitron Bank as a Member of our Direct Global Network. Mongolia has a dynamic and growing financial ecosystem, and this alliance will play a crucial role in improving financial connectivity for Mongolian individuals and businesses. As we expand the Smart Superhighway to move money around the world, we are enabling banks like Capitron to unlock new global payment corridors that benefit their customers, and the broader economy.”
Daphne Huang, CSO Greater China Region at Thunes
Contact:
Amelia Fairbairn, Headland, thunes@headlandconsultancy.com
Anna Birdsall-Strong, Director of Brand and Public Relations, anna.birdsall@thunes.com
About Thunes:
Thunes is the Smart Superhighway to move money around the world. Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Headquartered in Singapore, Thunes has offices in 13 locations, including Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco and Shanghai. For more information, visit: https://www.thunes.com/
About Capitron:
Capitron Bank is one of Mongolia’s leading financial institutions, known for its agile, client-focused approach and strong commitment to innovation. Serving corporate, SME, and retail clients, the bank offers a diverse range of financial solutions from trade finance and project lending to advanced digital banking tailored to the needs of key sectors driving Mongolia’s economy.
Aiming to transform cross-border banking in Mongolia, Capitron has reached a significant milestone with the launch of its real-time international payment solution, powered by Thunes. This cutting-edge system allows customers to send and receive global transactions faster, more securely, and with greater transparency than ever before. By partnering with Thunes, Capitron is bringing a new level of accessibility to global payments, enabling Mongolian businesses and individuals to connect seamlessly with the international financial ecosystem.
As Capitron Bank continues to evolve, it remains committed to shaping a brighter, more prosperous future for Mongolia’s financial landscape and its people.
For more information, visit: www.capitronbank.mn
