UNFCU, Thunes partner to augment cross border payments among select member states

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Thunes
PHOTO/COURTESY

The United Nations Federal Credit Union (UNFCU) has partnered with Thunes, a leading cross-border payments network to enable UNFCU members to transfer money to mobile wallets in select countries in local currencies.

UNFCU is a US-based credit union serving the needs of the United Nations community worldwide. UNFCU was founded in 1947 and serves more than 150,000 members across the globe

Mobile money transfers in local currencies are currently available to UNFCU members in 14 countries. These include: Kenya, Bangladesh, Ethiopia, Fiji, Ghana, Guatemala,Malawi, Mexico, Nepal, Nigeria, Sri Lanka, Vietnam, Uganda, and Zambia.

“We are dedicated to providing our members with financial peace of mind,” said Bill Thomas, Chief Member Operations Officer. “Thunes’ network allows UNFCU to connect seamlessly with mobile wallet applications in select countries. We will continue to work with Thunes to expand the network to more countries worldwide.”

On his part, Peter De Caluwe, the CEO of Thunes, expressed enthusiasm in the partnership.

“We are delighted UNFCU chose us as the network powering their mobile money transfers. We have seen an increased demand for simplified transactions. Since the launch of the service in February, transaction volume has grown 68% on average. Through the expansion of our partnership, we look forward to delivering fast, secure, low cost, and convenient solutions to benefit more members across the world,” the Thunes CEO explained.

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