CR2 Announce Partnership with Thunes
CR2 partners with Thunes to place banks at the heart of the cross-border payments market
October 2022, Dublin, Ireland: CR2, a world-leading vendor in the digital banking and payments market, has partnered with Thunes, a global B2B payments company. This partnership enables CR2 customers to make seamless payments to more than 130 countries, expanding the platform’s international payment capabilities.
Historically, cross-border payments relied on correspondent banking networks and were typically costly for both the sender and receiver. The CR2 and Thunes partnership allows consumers to send and receive money in a more convenient, affordable, and near real-time manner, directly to their account. It also provides an enticing opportunity for banks to offer a new and user-friendly payment service generating additional revenue streams, increasing customer engagement, and placing the bank at the heart of the lucrative remittance market.
Through this collaboration, CR2 can help banks offer their customers an enhanced banking experience. Bank customers can send and receive money instantly to bank accounts, mobile wallets, and cash pick-up locations, allowing the recipient to get payments in their own currency. Through Thunes, banks can access a global payment network with more than 130 countries, 79 local currencies, and multiple payment methods.
Connecting with Thunes is a straightforward deployment via existing integration with CR2’s Digital Banking and Payment Platform, enabling banks to connect easily with minimal time, effort, and resources.
Fintan Byrne, CEO of CR2, commented, “Cross-border payments represent a tremendous opportunity for revenue growth for banks. The use of technology and shifting customer needs have created a new demand for a better customer experience. Banks are expected to deliver payment solutions that are simple and low-cost. We are delighted to work with Thunes to enable our customers to expand payment capabilities, reach more markets, support economic growth and increase financial inclusion.”
Peter De Caluwe, CEO of Thunes, said: “This partnership with CR2 will help bring frictionless and less costly cross-border payments to banks’ customers worldwide. Thunes’ goal is to make financial services affordable and accessible to everyone, and this exciting move represents another significant step forward.”
CR2 provide banks with digital, self-service and payment solutions that deliver enhanced customer experience to grow business. Headquartered in Ireland, with offices across Africa and the Middle East, the business powers over 100 banks in 60 countries to seamlessly connect and engage with their customers on the most critical banking channels today. For further information, please visit www.CR2.com.
Founded in 2016, Thunes is a B2B company that powers payments for the world’s fastest-growing businesses – from Gig Economy giants such as Uber and Deliveroo and Southeast Asia’s super-app Grab to global Fintech leaders such as PayPal and Remitly. Through a single, simple connection, consumers and businesses can send payments to – and get paid in – every corner of the world. Thunes currently supports 79 currencies, enables payments to 130 countries, and helps to accept 300 payment methods. In April 2022, Thunes acquired a controlling stake in a leading AML and Compliance Platform company Tookitaki, which now enables the company’s advanced compliance, anti-fraud, and anti-money laundering (AML) capabilities, setting an international benchmark for sustainable compliance. The company is headquartered in Singapore, with regional offices in London, Paris, Shanghai, New York, Dubai, Nairobi, and Barcelona. For more information, visit www.thunes.com