Thunes has welcomed Papara, Turkey’s leading fintech company, as a new Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Turkey. This alliance empowers Papara users in Turkey, enabling them to send money into 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards in over 80 currencies to more than 130 countries. The cooperation also enables fast, simple and affordable international money transfers directly to Papara accounts, marking the first time such a service is available in Turkey.
With over 21 million users, Papara offers comprehensive digital services facilitating various domestic and international financial transactions. The alliance allows Thunes’ extensive Direct Global Network customers to send money directly to Papara accounts in real-time, providing a faster, more convenient way to transfer money to Turkey.
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With Thunes’ in-house SmartX Treasury System and Fortress Compliance Platform, Members of the Network receive control, visibility, protection and cost efficiencies when making real-time payments
Simon Nelson, Chief Revenue Officer at Thunes said: “It is an honour to welcome Papara to our proprietary Direct Global Network. Papara users in the Republic of Turkey can send money to Africa, Asia, Europe, the Middle East, and North and South America, supporting Papara in its quest to offer compelling international money transfer services to its users.”
Aik Boon Tan, Chief Network Officer at Thunes added: “We are thrilled to partner with Papara to expand our Network’s reach into Turkey. By enabling direct transfers to Papara accounts, we are removing traditional barriers and offering a more efficient service for cross-border payments into Turkey to Members of our Direct Global Network.”
Emre Kenci, CEO at Papara, commented: “Our partnership with Thunes significantly enhances Papara’s cross-border payment capabilities, providing our users with a trusted and secure platform for international transfers. Now, millions of Papara users can receive money from around the world directly into their accounts, a major step forward as they continue to send money using our expanding global money transfer service. This alliance enriches our offerings and reaffirms our commitment to delivering innovative financial solutions for our users.”
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