Thunes has expanded its network to New Zealand with the launch of real-time pay-to-bank transfers.

The service allows members of the Thunes Direct Global Network to send New Zealand dollars directly to bank accounts in the country for both consumer and business transactions.

Payments can be made through a direct API integration with Thunes or through existing Swift connectivity.

The launch extends Thunes’ cross-border payment coverage in Asia Pacific and gives network members another option for sending funds into New Zealand.

The service is aimed at faster and more transparent cross-border payments.

Thunes linked the rollout to New Zealand’s broader push to modernise its payments infrastructure in support of digital trade and the gig economy.

Eugene Chua, Head of Network, APAC, at Thunes, said,

“Asia Pacific is where the Thunes story began, so we are especially pleased to be strengthening our reach in a high-growth market like New Zealand.

Geography should never hinder ambition, and we are proud to be the engine driving financial connectivity, providing the infrastructure that supports and empowers businesses and individuals to benefit from international money movement and participate more fully in the global economy.”

Thunes’ Direct Global Network is supported by its SmartX Treasury System for real-time liquidity management and its Fortress Compliance Platform, which draws on more than 50 licences worldwide.

This article first appeared on Fintech News Singapore. 

Featured image: Edited by Fintech News Australia, based on image by gographicstudio via Freepik