Mastercard and Thunes have announced a strategic collaboration at the Singapore FinTech Festival to facilitate near real-time payouts to stablecoin wallets. This partnership aims to bridge the gap between traditional and digital finance by integrating Thunes’ Direct Global Network with Mastercard Move, allowing banks, payment service providers, and end-users to send and receive funds with greater flexibility.
The collaboration introduces several key benefits, including 24/7 availability for near real-time payouts to stablecoin wallets, expanding the options for banks and payment providers. This move is expected to unlock new business models and corridors, whilst also promoting financial inclusion by reducing currency friction in underserved markets.
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, stated, “As digital currencies become a bigger part of global money movement, this collaboration with Thunes reinforces our role as a trusted bridge between traditional and digital finance.” Mastercard Move, which already supports transfers in 150 currencies to over 10 billion endpoints, will now include stablecoin wallets, providing end-users with more choices.
Chloe Mayenobe, President and Chief Operating Officer at Thunes, added, “Collaborating with Mastercard Move to enable stablecoin payouts is another step forward in our mission to enable the next billion end users to take part in the global economy.”
This initiative marks a significant milestone in Mastercard Move’s commitment to facilitating stablecoin flows globally, addressing the growing demand for instant, stable digital currency payouts. The integration of Thunes’ Pay-to-Stablecoin-Wallets solution into Mastercard’s network is expected to enhance payment options for individuals and businesses worldwide.
