Thunes Secures Major Payment Institution Licence in France, Expands Collections Capabilities in EU

Thunes is already licenced in key global business hubs, such as the UK's Financial Conduct Authority and the Monetary Authority of Singapore. This new regulatory approval significantly extends existing Thunes' licencing coverage, and makes it possible for the company to work with global merchants and payment service providers, offering them the opportunity to accept and make payments via cards and alternative payment methods in Europe. Existing customers of Thunes will also benefit from a simplified collections process, as well as enhanced payments capabilities.

"Thunes Collections business was born out of Europe, so it is especially exciting for us to be able to offer a full suite of payment services in this region. And as we expand our payment services globally, we will keep enhancing our licence portfolio to more locations, offering more and more merchants, marketplaces and payment service providers the ability to integrate an end-to-end payment platform, and giving them the flexibility of accepting any of the 285 local and alternative payment methods that we currently provide," said Christophe Bourbier, CEO of Thunes Collections.

Contact: Irina Chuchkina, +65 9775 5128, [email protected]