Emmanuel OchayiIn a move set to reshape the landscape of cross-border payments in Africa and beyond, Access Africa, a leading financial institution, has announced its strategic partnership with Thunes, a global payment infrastructure platform that connects more than 130 countries into a single seamless network.
“This strategic partnership reinforces Access Africa’s commitment to providing customers and non-customers with access to top-quality remittance services,” stated Robert Giles, Senior Advisory Retail at Access Africa.
Thunes, founded in 2016, is a cross-border payments network that enables corporations and financial institutions to move funds seamlessly in emerging markets. This collaboration will not only expand the reach of Access Africa’s payment and remittance services to over 100 additional countries but will also expose Thunes to the 60 million+ customers of Access Africa, who have access to over 600 branch locations.
Through this partnership, customers of Access Africa, both account holders and non-account holders, will gain the ability to make simple international payments and receive diaspora inflows in USD from countries spanning Africa, the Americas, APAC, Europe, Greater China, and MENA, in the form of cash or bank deposits.
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Aik Boon Tan, Executive Vice President for Thunes, expressed his enthusiasm for the collaboration: “Access Africa has been at the forefront of innovation in the African banking sector and is one of the largest banks on the continent. We are excited for the future of our partnership with Access Africa as we aim to enhance the connections between Africa and the rest of the world.”
Access Africa’s Payment product is designed to simplify global payments, covering various payment activities such as school fee payments, merchant payments, e-commerce payments, trade payments, and diaspora worker payments. Access Africa corridors include several countries worldwide.
Access Bank, the parent institution, has been a leading financial institution, serving various markets through its segments, and has become one of Africa’s largest retail banks by customer base and Sub-Saharan Africa’s largest bank by total assets.
With headquarters in Lagos, Nigeria, Access Bank operates through a vast network of more than 700 branches and service outlets, serving over 60 million customers across three continents and 20 countries. The bank’s strong focus on innovation, technology, and customer service is geared toward helping customers achieve their financial goals.
Thunes, on the other hand, is a B2B payments company building global infrastructure for seamless, instant, and transparent money movement. Its modular capabilities empower customers to Pay, Accept, Exchange, and Comply, bridging the gap between payment systems in developed and emerging markets worldwide.
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