Thunes and J.P. Morgan Payments Expand Xpedite Remit to 100+ Cross‑Border Corridors

The useful part

Morgan Payments Reach Across 100+ Corridors The rollout will cover supplier payments, bill payments and remittances across several major cross-border markets. Morgan Payments has tapped Thunes to expand Xpedite Remit across more than 100 cross-border payment corridors. Morgan Payments' access to local real-time payment rails with Thunes' Direct Global Network.

How it works

• Thunes' network reaches 12 billion bank accounts and mobile wallets globally.
• Together, we are demonstrating how traditional banking infrastructure can connect with popular local payment methods to make global commerce smoother for everyone involved." said Peter De Caluwe, Co-Founder...
• Clients will be able to send payouts to bank accounts and mobile wallets through a single connection, with support for foreign exchange conversion.
• Gayathri Vasudev "Our clients want simpler, faster ways to move money across borders and to reach people through the payment methods they prefer.

What to take from it

That's why we are continuing to enhance our cross-border capabilities and further expanding our solution through the collaboration with Thunes. JPMorganChase's Consumer and Community Bank will also use the expanded payment rails. For Chase accounts, which serve about 94 million consumer and small business customers, the rails are expected to support faster payouts and real-time inbound payments into the United States.

Example or evidence

• Building on milestones, like our recent progress with Swift's retail payments scheme, we're helping clients grow in new markets while delivering the faster, more seamless experiences they have come to...
• Thunes offers the bank-grade compliance, security and resilience required to move money safely and quickly at global scale.
• Edited by Fintech News Singapore, based on image by adobestock79 via Magnific J.P.

Details worth keeping

Peter De Caluwe "We are thrilled to welcome J.P.

Related coverage

• Finextra: Thunes has been selected by JP Morgan Payments to expand the business' cross-border capabilities through its Xpedite Remit solutions suite.
• Fintechnews: Thunes has expanded its cross-border payout network into six more Middle Eastern markets.
• Finextra: Thunes, the Smart Superhighway to move money around the world, has signed a new agreement with Aljazira Bank, one of Saudi Arabia's leading financial institutions, to modernize and expand its international...
• Fintechnews: Miami-based community bank Terrabank has teamed up with TerraPay, a global money movement company, and payments technology platform Mozrt to offer cross-border payments.