Cross-border payments from the UAE are set to become faster and more accessible through a new strategic partnership. Thunes, a global money movement platform, has announced that First Abu Dhabi Bank (FAB), the UAE's largest bank, has selected it to power global mobile wallet payouts. This collaboration will enable FAB's customers to send real-time, transparent payments to a vast network of destinations worldwide through the Thunes Direct Global Network.
Quick Intel
First Abu Dhabi Bank (FAB) partners with Thunes for global mobile wallet payouts.
The collaboration will enable real-time cross-border payments to over 130 countries.
It supports UAE national initiatives for digital innovation and financial inclusion.
The partnership enhances FAB's payment capabilities with speed and transparency.
Thunes' network connects to over 7 billion mobile wallets and bank accounts.
This marks a significant step in modernizing the UAE's cross-border payment experience.
This partnership represents a major advancement in cross-border payment services from the UAE to key global corridors. Upon full integration, FAB's clients will gain access to efficient and accessible international payment solutions, allowing them to send funds instantly across Thunes' extensive network. This initiative aligns with the UAE's national vision, supporting landmark programs like "We the UAE 2031" and the Central Bank's Financial Infrastructure Transformation (FIT) programme, which aim to foster a dynamic digital economy.
The collaboration is built on a mutual commitment to advancing global payment channels. Simon Nelson, Chief Commercial Officer at Thunes, noted, "First Abu Dhabi Bank joining our Direct Global Network is a clear vote of confidence in Thunes' ability to deliver global interoperability at scale. Together, we are making cross-border payments faster, and easier for everyone." By leveraging Thunes' recognized network coverage and real-time technology, FAB and Thunes are positioning themselves at the forefront of cross-border innovation, delivering a payment experience defined by customer-centricity, speed, and scalability.
About Thunes:
Thunes is the Smart Superhighway to move money around the world. Thunes' proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes' Network connects directly to over 7 billion mobile wallets, stablecoin wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods.
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