Thunes Offers Real-time Payments to Pakistan Through Partnership with Bank Alfalah

Thunes, Singapore-based Fintech company and a leader in global cross-border payments, today announced the partnership with Bank Alfalah, one of Pakistan’s largest banks, for the purpose of enabling real-time affordable cross-border payments to consumers in Pakistan.

The collaboration enables Thunes’ customers to pay in real-time to both Bank Alfalah’s clients and 57 million of Pakistan’s banked population. 

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According to Andrew Stewart, Global Head of Networks, Thunes, historically, cross-border money transfers to Pakistan have been complicated by the lack of transparency, long waiting times, and burdened with hidden fees.

“We are glad to create infrastructure that will benefit families, remote workers and communities across the nation who depend on money sent from overseas for their livelihoods. And we are looking forward to continuing our collaboration with Bank Alfalah, strengthening the financial ties between Pakistan and the rest of the world, and staying true to our vision: providing accessible, transparent and affordable payments,” Andrew Stewart added.

Earlier this month, Fazzaco reported that Thunes partnered with Teledolar,​ a world-class payment platform in Central America, to make payments simpler, faster, more transparent and cost-effective for customers and businesses sending money to Costa Rica.