Thunes partners with Access Africa

Tuesday 3 October 2023 14:08 CET | News

B2B payments infrastructure platform Thunes has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries.


The collaboration is set to enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets, namely Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique, Nigeria, Rwanda, Sierra Leone, South Africa, and Zambia.

Cross-border payments and Thunes – Access Africa partnership details

The partnership is set to enable Access Africa’s customers, both account and non-account holders, to make simple international payments, as well as receive diaspora inflows in USD from countries in Africa, the Americas, Asia-Pacific, Europe, Greater China, and the Middle East, and North Africa regions in the form of either cash or bank deposits. Furthermore, the cooperation between Access Africa’s Payment and Remittance services and Thunes is set to bring the benefits associated with modern digital payment tech to the involved parties, addressing the friction within traditional bank-based cross-border payment flows and making payments increasingly fast, easy, and transparent. This is believed to help bring significant improvements to the African fintech ecosystem and payment infrastructure.

Access Africa is a payment product designed to simplify global payments for person-to-person (P2P), business-to-business (B2B), person-to-business (P2B), government-to-person (G2P), and other payment flows. It enables efficient and effective transfers, including but not limited to school fee payments, merchant payments, ecommerce payments, trade payments, and diaspora workers payments.

Thunes partners with Access Africa

Access Africa corridors include the UK, China, Spain, Turkey, France, Italy, Germany, Cyprus, Norway, Austria, Switzerland, Belgium, India, Hong Kong, Ghana, Gambia, Rwanda, Zambia, Sierra Leone, Kenya, DR Congo, Mozambique, Guinea, and Botswana, amongst others.

Per the press release, the strategic partnership is a reinforcement of Access Africa’s commitment to providing customers and non-customers with access to advanced remittance services. A 2016-founded cross-border payments network, Thunes enables corporates and financial institutions to move funds in a simplified manner and provide financial services in emerging markets. Access Bank company officials believe the cooperation to help significantly expand the reach of Access Africa’s payment and remittance services to more than 100 countries and expose Thunes to all 60 million customers of Access Africa with over 600 branch locations.

When commenting on the collaboration, Thunes officials advised that Access Africa has been at the forefront of innovation in the African banking sector and is among the largest banks on the continent. The company representatives said that they are looking forward to partnering and enhancing the connections between Africa and the rest of the world and bringing considerable improvements to customers who need to make regular cross-border payments to and from African markets.

For more information about Thunes, please check out their detailed profile in our dedicated, industry-specific Company Database.

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Keywords: partnership, payments , cross-border payments, paytech, fintech, remittances, banking
Categories: Payments & Commerce
Companies: Access Bank, Thunes
Countries: Africa
This article is part of category

Payments & Commerce

Access Bank



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