Absa and Thunes Expand Strategic Partnership for Cross-Border Payments in Africa
Absa Group, one of Africa's largest financial services providers, has deepened its strategic collaboration with fintech firm Thunes to enhance cross-border payment solutions across the continent. The partnership builds on their recent launch of Absa Global Pay in South Africa and now includes Multicurrency Clearing (MCC) capabilities for broader African markets. By integrating Thunes' Direct Global Network—which spans 140 countries, 90 currencies, and 220 payment methods—Absa aims to provide faster, more transparent cross-border transactions. This collaboration supports Absa's strategy of offering seamless foreign exchange (FX), scalable liquidity, and multi-rail clearing for its clients. The expanded partnership was officially signed at SIBOS 2026 in Miami by executives from both companies.
Topics: Africa cross-border_payments financial_services liquidity