Thunes has introduced a direct-to-workforce cross-border payout solution aimed at businesses paying overseas remote teams, freelancers and gig workers.
The company said the product supports instant payouts and can be used for compensation and other disbursements.
According to Thunes, the solution enables real-time payments into 12 billion bank accounts, mobile wallets and stablecoin wallets across 140 countries.
Businesses can access the service through a single API.
Thunes positioned the launch as a response to slow and fragmented international payout processes.
The new payout capability connects firms directly to local payment schemes and wallets, including M-Pesa, Alipay and GCash.
The payments company added workers in countries with volatile local currencies can receive stablecoin payouts, designed to reduce the impact of foreign exchange fluctuations on the value received.
Thunes chief product officer Elie Bertha said: “The gig economy and freelancing have exploded in recent years, but making global payments for these industries has proved difficult for too long.
“With Thunes’ direct-to-global-workforce solution, we are empowering businesses to meet the modern worker’s demand for instant transparency and immediate access to their hard-earned money.
“Our single API entry point reaches all corners of the world, ensuring that whether you are paying a creator in Argentina, a hail-riding driver in Singapore or a developer in Nairobi, the experience is fast, transparent, and reliable.”
Thunes operates what it calls a proprietary Direct Global Network. The network members can make real-time payments in more than 140 countries and over 90 currencies.
The launch follows recent partnership activity by the firm. Earlier this month, South Africa-based Absa Group partnered with Thunes to launch a cross-border remittance service called Absa Global Pay.
“Thunes rolls out instant cross-border payouts for global workers” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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