Thunes expands J.P. Morgan Payments' Xpedite Remit solution to accelerate cross-border payments
J.P. Morgan Payments has partnered with Thunes to enhance its cross-border payment capabilities through the expanded Xpedite Remit solution, enabling faster and more reliable international transactions. The integration leverages both J.P. Morgan's real-time local network connectivity and Thunes' global direct network, offering customers access to over 100 routes for payments into bank accounts and mobile wallets. The new capabilities provide end-to-end traceability, currency conversion options, and protection of capital through a single connection point. The solution supports 24/7 real-time transactions across more than 100 corridors, reaching approximately 12 billion local bank accounts and mobile wallets globally. This expansion is expected to benefit JPMorgan Chase's retail and community banking division by improving payment processing for its nearly 94 million customers. Both companies emphasize the growing demand for digital cross-border payments that align with regional preferences while maintaining compliance, security, and scalability.
Tickers: $JPM
Topics: cross-border transactions financial services payments