Thunes Partners with the World Economic Forum to Power Innovation in Payments Infrastructure
Singapore, 11 January 2021 — Thunes, a Singapore-based fintech company and a global leader in cross-border payments, announced today a collaboration with the World Economic Forum (WEF) to address systemic inequality in accessing financial services by driving innovation across payments and market infrastructures.
As a collaborator of the WEF’s Platform for Shaping the Future of Financial and Monetary Systems, Thunes will engage with the WEF Financial community to provide strategic insights, identify gaps and best practices, and contribute to the development of policies and programmes that will help address financial inclusion and sustainable development. Thunes will also contribute to initiatives such as Shaping the Future of Digital Economy and New Value Creation and the Future of Trade and Global Economic Interdependence.
“As a global payments company, we are deeply connected to the local payment trends and habits, and are happy to see that technology is enabling increased access to financial and payments services to people around the world. However, the infrastructure is patchy and slow to evolve, the inequality in the financial services space is high, and we are far from living in a truly global and inclusive economy. We feel that being at the core of the global discussions, we have an opportunity and responsibility to contribute to the evolution of the Global financial systems and drive significant changes towards a more equitable future for people, businesses and communities. We look forward to working with WEF to help build a more efficient, resilient and inclusive financial system,” said Peter De Caluwe, CEO of Thunes.
Thunes’ goal is to build a global payments system that enables anyone anywhere to make payments – or receive them – without hassle and stress, irrespective of their location. The company’s global network and payment capabilities offer quick, affordable and reliable payments, creating new opportunities for global entrepreneurs and communities worldwide.
Matthew Blake, Head of the Platform for Shaping the Future of Financial and Monetary Systems, Member of the Executive Committee, at the World Economic Forum, said: “We are delighted to be welcoming Thunes into the Forum’s Financial and Monetary Systems Platform, which is working to meet the changing needs of the global population, especially in emerging markets, and to address pressing issues shaping the global financial system. This partnership reflects a broader trend of companies shifting focus from shareholder to stakeholder capitalism, leading to more public-private alliances and multi-stakeholder collaboration. The Forum is excited to grow as a trusted platform that enables such cooperation and supports a more inclusive and resilient financial system.”
Thunes is a B2B company that powers payments for the world’s fastest-growing businesses. Corporates and financial institutions can move funds seamlessly, securely and cost-effectively with Thunes’ well-established, reliable and far-reaching network. Thunes is used by leading global banks, money transfer operators, platforms and many other businesses to make payments to bank accounts, mobile wallets and cash pick-up providers around the world. With a single, simple connection, your business and customers can send payments to – and get paid in – every corner of the world. Instantly.
Thunes is headquartered in Singapore with regional offices in London, France, Shanghai, New York, Dubai, and Nairobi. (www.thunes.com)
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).