Thunes has launched real-time cross-border payments in Saudi Arabia, allowing instant payouts in Saudi Riyals to bank accounts and wallets. This move aligns with Vision 2030’s financial sector transformation, meeting the demand for rapid and transparent transactions. Thunes’ direct payout capability aims to provide faster, secure, and transparent transfers into the growing Saudi market. Expatriates prioritize transaction speed, making Thunes’ service appealing for sending funds. The direct connection with Saudi banking networks offers more efficient and cost-effective transfers than traditional methods. This service benefits overseas businesses managing Hajj and Umrah campaigns by facilitating seamless and secure fee payments, ensuring quicker settlement and improved experiences for pilgrims. Saudi Arabia’s financial sector’s digital shift highlights the demand for faster cross-border payments, which Thunes aims to meet with its real-time payment launch.

Read more at Yahoo Finance: Thunes launches real-time cross-border payments in Saudi Arabia