J.P. Morgan Payments Expands Cross-Border Capabilities via Partnership with Thunes
J.P. Morgan Payments has partnered with fintech firm Thunes to enhance its Xpedite Remit solution, enabling faster cross-border payouts through local real-time payment networks and mobile wallets across more than 100 corridors. The collaboration leverages J.P. Morgan's global connectivity alongside Thunes' Direct Global Network, which provides access to over 12 billion bank accounts and mobile wallets worldwide. The new capabilities offer clients principal protection, end-to-end traceability, FX conversion support, and real-time payments available around the clock from a single account. The Consumer and Community Bank at JPMorganChase will also benefit, with Chase customers expected to experience faster international payout options. This expansion supports various use cases such as supplier settlements, bill payments, and remittances in key markets like India, Mexico, Bangladesh, Brazil, China, Indonesia, Kenya, Nigeria, Pakistan, the Philippines, Colombia, and more.
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Topics: J.P. Morgan Payments partnership payments Thunes Xpedite Remit