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Fintech News Singapore· Fintech News Singapore·· 3 hours agoSelectedAI score71

Thunes adds Venezuela to its global real-time payments network

Thunes Adds Venezuela to Its Global Real-Time Payment Network

AI brief

AI-assisted source summary · not independently verified. Content standards

Thunes now allows banks and payment service providers to send real-time transfers to bank accounts in Venezuela and process transfers through Credito Inmediato Interbancario. The channel supports remittances, freelancer payments, mobile wallets and cash pickup. Remittance inflows to Venezuela in 2025 are estimated at US$6 billion, accounting for 7 percent of GDP, with about half coming from the United States.

Why it matters

The addition of a local instant interbank payment channel in Venezuela, covering wallet and cash pickup use cases, shows the implementation scope of cross-border remittances and freelancer payments.

Source:Fintech News Singapore · fintechnews.sg