Absa Group selects Thunes for cross-border payment partnership

Absa Group has selected Thunes as a strategic Multicurrency Clearing (MCC) partner to enhance its cross-border payment capabilities. This expansion builds upon the previous launch of Absa Global Pay in South Africa.

The collaboration aims to improve speed, transparency, and currency choice for clients by linking Absa’s Pan-African banking network to Thunes’ Direct Global Network. This network covers over 140 countries, 90 currencies, and 220 payment methods, including mobile wallets and card rails.