Thunes Expands its Direct Global Network into Taiwan
Thunes' proprietary Network is now the only real-time alternative to the legacy system for sending payments to bank accounts in Taiwan.
LONDON and SINGAPORE, Feb. 20, 2025 /PRNewswire/ -- Thunes, the Smart Superhighway to move money around the world, today announced the expansion of its Direct Global Network into Taiwan. This expansion brings Thunes' Pay-to-Banks payment capabilities to Taiwan, enhancing the company's cross-border payment services in one of Asia's most technologically advanced and financially dynamic markets.
With this expansion, Members of Thunes' Direct Global Network can now provide their customers with real-time payout services into Taiwan in both New Taiwan Dollars (TWD) and United States Dollars (USD). This solution supports all major banks in Taiwan and enables real-time payments to both individual and business bank accounts.
Taiwan is a key hub for international trade and finance, with a strong demand for efficient cross-border payments. According to recent data, in January 2025, Taiwan's total exports amounted to $38.7 billion, representing a 4.4% increase compared to January 2024. The Taiwan Institute of Economic Research's (TIER) forecast for Taiwan's 2025 gross domestic product (GDP) growth is 3.42%, citing positive factors including increasing investments, solid private consumption and stronger exports. As such, the country's money influx market continues to grow as Taiwan remains a key trade partner for economies around the world.
Floris de Kort, CEO at Thunes, said: "Expanding Thunes' proprietary Direct Global Network with our new payments corridor into Taiwan provides our Members with greater speed, control, visibility, protection, and cost efficiencies for real-time cross-border payments in one of Asia's most vibrant financial markets. This expansion underscores our commitment to global reach and industry-leading Quality of Service through direct connections, enabling our Members to seamlessly process payments worldwide, with the highest transaction success rates."
SOURCE Thunes
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