As per the information detailed in the press release, by expanding their collaboration, Thunes and Visa intend to enable additional endpoints in key markets across Asia and Africa. Initially, the two companies partnered in October 2022 to support individuals and small businesses move money internationally to 78 digital wallet providers, reaching 1.5 billion digital wallets across 44 countries and territories. At that time, the collaboration was set to increase Visa Direct’s reach to nearly 7 billion endpoints, including more than 3 billion cards, over 2 billion accounts, and 1.5 billion digital wallets.
Representatives from Thunes underlined that the partnership with Visa enables the two companies to engage with each other's networks and payment methods as the sector continues to digitise. Thunes’ work with Visa aims to enable additional payment flows that support B2B cross-border payments at scale. Currently, the company facilitate payments in 84 currencies across 133 countries, leveraging over 550 payment methods, including 129 mobile wallets such as PayPal, M Pesa, and Orange Money, gig economy organisations like Uber and Deliveroo, and super-apps such as Grab and WeChat.
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