According to a recent LinkedIn post from Thunes, the company is working with Banco Cathay in Costa Rica and Swift to facilitate cross-border payouts to mobile wallets. The post highlights that banks connected to Swift’s network may use Thunes’ Pay-to-Wallet solution to access Thunes’ Direct Global Network with relatively limited operational changes.
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The LinkedIn post suggests that this setup is intended to deliver fast, transparent, and secure mobile wallet payments, particularly benefiting mobile-first markets. By linking traditional banking infrastructure with newer payment rails, the initiative appears aimed at expanding financial inclusion and improving cross-border interoperability in emerging economies.
For investors, the collaboration described in the post indicates potential transaction-volume growth opportunities for Thunes if more Swift-connected banks adopt the Pay-to-Wallet service. It may also strengthen Thunes’ competitive positioning in cross-border payments by embedding its network within incumbent banking channels and tapping into demand for real-time, wallet-based transfers.
The focus on mobile-first markets, as emphasized in the post, could align Thunes with secular trends such as digitization of payments and increased mobile wallet usage. If scaled effectively, these developments could support revenue expansion, network effects, and deeper strategic relevance to both banks and fintech partners within the global payments ecosystem.