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J. P. Morgan Payments partners with Thunes for global payouts
J. P. Morgan Payments has selected Thunes to expand the cross-border capabilities of its Xpedite Remit solutions suite. The collaboration aims to meet the rising demand for fast and reliable international money transfers.
By leveraging J. P. Morgan Payments’ connectivity to local real-time payment rails and Thunes’ Direct Global Network, the solution provides access to bank accounts and mobile wallets across more than 100 corridors. This enables clients to reach an estimated 12 billion mobile wallets and bank accounts through 24/7 real-time payment networks.
The enhanced capabilities offer principal protection, end-to-end traceability, and faster payouts, which can be processed in the original currency or via seamless foreign exchange conversion.