China Construction Bank & Thunes team to offer cross-border payments

By Gloria Mathias

Thunes, the global B2B payment infrastructure platform, and China Construction Bank (CCB), a commercial bank in China, have announced a partnership to collaborate on cross-border payments.

With the new relationship, Thunes will support the bank to enable international payment acceptance for Chinese small to medium-sized businesses (SMBs) and introduce outbound cross-border payments for CCB’s consumers, with both products expected to be launched in 2024.

Peter De Caluwe, CEO, Thunes said, “Financial institutions like China Construction Bank play an increasingly vital role in providing financial services in China and beyond. Our collaboration with CCB will help the bank better support their customers by working interoperable across currencies and borders.”

In June 2023, Thunes inaugurated its Beijing office and deepened its commitment to empowering Chinese businesses and consumers with faster and more affordable transactions with key international markets.

China Construction Bank, headquartered in Beijing, is a large-scale commercial bank in China. The bank provides customers with comprehensive financial services, including corporate finance, personal finance, and treasury and asset management.

Thunes is a B2B payments company building global infrastructure by enabling seamless, instant, and transparent money movement. Its modular capabilities empower its customers to pay, accept, exchange, and comply, closing the gap between payment systems in developed and emerging markets worldwide.

Thunes facilitates payments in 80 currencies across 133 countries, using over 300 payment methods. The company supports dynamic businesses, from gig economy giants like Uber and Deliveroo to the super-app Grab to global fintech leaders like PayPal, Remitly, Finastra, and Revolut.