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 /PRNewswire/ — 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."
This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network
