RIYADH, Saudi Arabia, is buzzing with fresh news. Thunes, the Smart Superhighway to move money around the world, has signed a new agreement with Aljazira Bank, one of the Kingdom's leading financial institutions.
The goal is simple: modernize and expand international remittance services. As a result, customers can expect faster, more reliable transfers.
Thanks to Thunes' trusted Direct Global Network, Aljazira's retail customers will gain real-time access to billions of bank accounts and mobile wallets worldwide.
Moreover, optimised cross-border rails will span high-volume corridors in Asia Pacific, Europe, and the Gulf Cooperation Council. The bank will also broaden its payment catalogue with new endpoints and destinations.
Vision 2030 is turning the Kingdom into a global hub for digital finance. Meanwhile, demand keeps surging. Research by Thunes and Juniper Research shows that 56% of residents sent money internationally last year.
Consequently, established, highly regulated institutions are turning to Thunes to power their core cross-border capabilities.
Fahad Almutairi of Aljazira Bank says the focus is on services that are fast, secure, and convenient. Likewise, he highlights growing mobile wallet popularity and faster account transfers.
Ahmad Yaacoub of Thunes calls the bank a cornerstone of Saudi banking. Ultimately, he says the partnership empowers the Kingdom's migrant workforce and fuels the broader KSA economy.
