Expanded Cross-Border Payment Services by EzyRemit Through Thunes to Strengthen Expatriate Communities Worldwide
The digital remittance landscape is set to undergo a significant transformation, as EzyRemit, a leading remittance service provider, has partnered with Thunes to facilitate cross-border payments worldwide. This collaboration is expected to have a particularly positive impact on the growing flow of digital remittances from Australia to the Philippines.
According to projections, the value of digital remittances from Australia to the Philippines is expected to surpass $183 million in 2025, with an annual growth rate of over 8% until 2029[1]. This forecast underscores the shift towards digitization in global remittances, supported by expanding infrastructure and technology adoption.
EzyRemit, with offices in Australia, Japan, New Zealand, Canada, the US, and Vietnam, and services available in over 150 countries, is now able to deliver seamless, real-time payments to more parts of the world than before, thanks to the collaboration with Thunes. Through its integration with Thunes' Direct Global Network, EzyRemit now offers real-time payouts to billions of mobile wallets, bank accounts, cards, and cash pickup locations in over 45 countries[2].
Andrew Stewart, Chief Revenue Officer at Thunes, stated that the collaboration aligns with Thunes' mission to enable global participation in the economy[3]. He further emphasized that the collaboration helps EzyRemit to provide fast, secure, and affordable financial solutions on a global scale.
Allan Nguyen, Co-founder of EzyRemit, expressed his excitement about the alliance, stating that it unlocks new opportunities for global expansion[4]. He believes that this collaboration will significantly improve the customer experience by providing seamless cross-border payments with speed and transparency.
Thunes' real-time payment infrastructure allows EzyRemit to provide faster and more secure cross-border payments. Moreover, Thunes' SmartX Treasury System supports transparent and flexible FX management for EzyRemit, ensuring efficient and cost-effective transactions[6].
The collaboration between Thunes and EzyRemit aims to make international money movement faster, more transparent, and more inclusive. It offers customers access to real-time payouts in Asia, Africa, Europe, and the Americas. Additionally, Thunes' Fortress Compliance Platform ensures the security of transactions for EzyRemit, providing peace of mind to both senders and recipients.
This collaboration is particularly impactful in high-volume outbound payment corridors such as Australia to the Philippines. By providing faster, more secure, and cost-effective cross-border payments, it is better equipped to meet the needs of overseas communities. The collaboration between Thunes and EzyRemit aims to transform the customer experience by providing seamless cross-border payments with speed and transparency.
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The collaboration between EzyRemit and Thunes, both industry leaders, is set to revolutionize cross-border payments, particularly in the finance sector, as the partnership will provide seamless, real-time payments to billions of customers worldwide. This technological advancement is expected to enhance the customer experience by offering faster, more secure, and cost-effective cross-border payments, especially in high-volume outbound payment corridors like Australia to the Philippines.
