Thunes goes live with Direct Global Network in EgyptBy Gloria MathiasToday account numbersCentral Bank of NigeriaDigital Wallets ShareThunes, the smart highway to move money around the world, has announced a significant expansion of its Direct Global Network into Egypt. Egypt is experiencing one of the fastest adoption growth rates for mobile wallets across the African continent, driven by accelerating cash-to-digital conversion. With this expansion, Members of Thunes’ Direct Global Network will be able to offer consumer remittance services into Egypt, either to bank accounts or to mobile wallets. In addition, all mobile wallets in Egypt will now be supported, with payouts available in Egyptian Pounds. Aik Boon “AB” Tan, Chief Network Officer of Thunes, shared, “Expanding Thunes’ proprietary Direct Global Network into Egypt will provide our Members with greater speed, control, visibility, protection, and cost efficiencies for real-time cross-border payments in one of the fastest growing markets in the world.

Source: The North Africa Journal October 21, 2024 06:35 UTC