UniTeller’s deal with the Singapore-based B2B cross-border payments startup will allow the former to expand its services in over 20 markets globally, including major emerging markets in Africa and Asia Pacific.
U.S.-headquartered remittance payments processor UniTeller is tapping on Thunes’ network to increase the accessibility of digital payment channels for users in the selected markets either through account deposits, e-wallets or both, according to an announcement on Wednesday.
The partnership adds account deposit service with 552 banks and e-wallet service with 28 operators to UniTeller’s network including Africa and Asia Pacific.
«Given the growing demand for digital payment capabilities in emerging markets, it is more important than ever for industry players to promote market efficiency and expand user access to a broad range of digital financial services,» the two sides said in a joint statement on Wednesday.
Launched in 2016, Thunes is headquartered in Singapore and operates regional offices in London, Shanghai, New York, Dubai, and Nairobi. In September 2020, it raised $60 million in a Series B funding round led by Africa-focused Helios Investment Partners.
In September, the company made a pair of executive hires to support its global growth strategy.