Access Africa recent partnership with Thunes will enhance cross-border payment flows between 13 African countries, enabling faster and more affordable digital payments and supporting international trade across countries, the management has reaffirmed
The partnership will allow Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, Congo DR, Gambia, Ghana, Guinea, Kenya, Mozambique, Nigeria, Rwanda, Sierra Leone, South Africa, and Zambia.
Robert Giles, Senior advisory retail, said: “this strategic partnership reinforces Access Africa’s commitment to providing customers and non-customers with access to top-quality remittance services.
“Thunes is a cross-border payments network founded in 2016 that enables corporates and financial institutions to move funds seamlessly and provide financial services in emerging markets.
“Our partnership will significantly expand the reach of Access Africa’s payment and remittance services to over 100 more countries, and exposes Thunes to all 60 million plus customers of Access Africa with over 600 branch locations.”
He added that, through this partnership, customers of Access Africa will be able to make simple international payments, as well as receive diaspora inflows in USD from countries in Africa, Americas, APAC, Europe, Greater China, and MENA, in the form of cash or bank deposits.
Rob explained that, “the partnership between Access Africa’s Payment and Remittance services and Thunes will bring the benefits of modern digital payment technology to the parties involved to addressing the frictions of the traditional bank-based cross-border payment flows, and making payments faster, easier, and more transparent. This collaboration will bring significant improvements to the African Fintech ecosystem and payment infrastructure.”
Aik Tan, Executive vice president for Thunes, stated that, “Access Africa has been at the forefront of innovation in the African banking sector, and is one of the largest banks on the continent.
“We are excited for the future of our partnership with Access Africa as we aim to enhance the connections between Africa and the rest of the world, bringing major improvements to customers who need to make regular cross-border payments “to and from African markets.”