Thunes Expands its Direct Global Network into Taiwan

Thunes' proprietary Network is now the only real-time alternative to the legacy system for sending payments to bank accounts in Taiwan.

LONDON and SINGAPORE,Feb. 20,2025 --Thunes,the Smart Superhighway to move money around the world,today announced the expansion of its Direct Global Network into Taiwan. This expansion brings Thunes' Pay-to-Banks payment capabilities to Taiwan,enhancing the company's cross-border payment services in one of Asia's most technologically advanced and financially dynamic markets.

With this expansion,Members of Thunes' Direct Global Network can now provide their customers with real-time payout services into Taiwan in both New Taiwan Dollars (TWD) and United States Dollars (USD). This solution supports all major banks in Taiwan and enables real-time payments to both individual and business bank accounts.

Taiwan is a key hub for international trade and finance,with a strong demand for efficient cross-border payments. According to recent data,in January 2025,Taiwan's total exports amounted to $38.7 billion,representing a 4.4% increase compared to January 2024. The Taiwan Institute of Economic Research's (TIER) forecast for Taiwan's 2025 gross domestic product (GDP) growth is 3.42%,citing positive factors including increasing investments,solid private consumption and stronger exports. As such,the country's money influx market continues to grow as Taiwan remains a key trade partner for economies around the world.

Floris de Kort,CEO at Thunes,said:"Expanding Thunes' proprietary Direct Global Network with our new payments corridor into Taiwan provides our Members with greater speed,control,visibility,protection,and cost efficiencies for real-time cross-border payments in one of Asia's most vibrant financial markets. This expansion underscores our commitment to global reach and industry-leading Quality of Service through direct connections,enabling our Members to seamlessly process payments worldwide,with the highest transaction success rates."