Thunes partners with China Construction Bank to optimize cross-border payments in the region

Thunes, a global B2B payment infrastructure platform, has announced its partnership with China Construction Bank (CCB). The collaboration is geared towards optimizing cross-border payments in the region.

Thunes - China Construction Bank partnership

The partnership between Thunes and CCB will have the latter leverage Thunes’ offerings with the aim of delivering global payment acceptance services for Chinese SMBs. Besides, the bank’s customers will enjoy fast and secure outbound cross-border payments. Both offerings will be available in 2024.

Thunes’ CEO, Peter De Caluwe stated, “Financial institutions like China Construction Bank play an increasingly vital role in providing financial services in China and beyond. Our collaboration with CCB will help the bank better support their customers by working interoperably across currencies and borders”.

In recent months, Thunes has collaborated with several entities across the globe as it strives to “challenge the status quo in global payments.” Indeed, these were the remarks made by the firm’s CEO, Peter De Caluwe in June 2023 during its Series C funding round. It secured over $60 million in a round led by London-based hedge fund, Marshall Wace and supported by the likes of 01Fintech and Bessemer Venture Partners.

In May, the global payment platform announced a partnership with D360 Bank, a Saudi Arabian digital bank. The collaboration enabled customers of the bank to make secure and fast cross-border remittances and B2B payments using the D360 Bank app.

In October, Thunes collaborated with Smartcash PSB to enable the latter’s clients access international remittances via their mobile wallets in nairas. Furthermore, it announced a partnership with Access Bankin the same month. The move was aimed at optimizing cross-border payments in and out of 13 African countries including South Africa, Kenya, Nigeria, Rwanda, and Ghana.