Thunes Expands its Direct Global Network into Taiwan

Thunes'proprietary Network is now the only real-time alternative to the legacy system for sending payments to bank accounts inTaiwan.

LONDONandSINGAPORE,Feb. 20, 2025/PRNewswire/ -- Thunes, the Smart Superhighway to move money around the world, today announced the expansion of its Direct Global Network intoTaiwan. This expansion brings Thunes'Pay-to-Banks payment capabilities toTaiwan, enhancing the company's cross-border payment services in one ofAsia'smost technologically advanced and financially dynamic markets.

With this expansion, Members of Thunes'Direct Global Network can now provide their customers with real-time payout services intoTaiwanin both New Taiwan Dollars (TWD) and United States Dollars (USD). This solution supports all major banks inTaiwanand enables real-time payments to both individual and business bank accounts.

Taiwanis a key hub for international trade and finance, with a strong demand for efficient cross-border payments. According torecent data, inJanuary 2025,Taiwan'stotal exports amounted to$38.7 billion, representing a 4.4% increase compared toJanuary 2024. TheTaiwan Institute of Economic Research's (TIER) forecastforTaiwan's2025 gross domestic product (GDP) growth is 3.42%, citing positive factors including increasing investments, solid private consumption and stronger exports. As such, the country's money influx market continues to grow asTaiwanremains a key trade partner for economies around the world.

Floris de Kort, CEOat Thunes, said: "Expanding Thunes'proprietary Direct Global Network with our new payments corridor intoTaiwanprovides our Members with greater speed, control, visibility, protection, and cost efficiencies for real-time cross-border payments in one ofAsia'smost vibrant financial markets. This expansion underscores our commitment to global reach and industry-leading Quality of Service through direct connections, enabling our Members to seamlessly process payments worldwide, with the highest transaction success rates."

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SOURCE Thunes