Thunes, a Singapore-based FinTech company and a leader in global cross-border payments, is speeding up its global expansion by setting up a regional hub in Miami to expand into new Latin American markets. This development follows its recent announcement ramping up its presence in Greater China. Thunes recently appointed Jenna Wyer, Senior Vice President for the Americas, who will leverage her experience in the mobile payments and e-commerce space to spearhead Thunes’ growth strategy in Latin America and set up partnerships with leading local digital payment players.
The next three years will see around 100 million additional smartphone connections, taking the total to 532 million by 2025 – an adoption rate of 80%. Thunes has established regional payout partnerships in 16 Latin American countries, including Argentina, Brazil, Chile, Colombia, Mexico, and Uruguay. It recently launched partnerships with Brazil’s Bexs Banco to enable real-time businesses and customers’ inbound payments to Brazil. Thunes Collections’ capabilities cover 90+ alternative payment options in the region, including Boleto in Brazil, Rapipago in Argentina, and SafetyPay in Colombia. This increased flexibility enables businesses and consumers to make cross-border transactions.