Thunes, a Singapore-headquartered global payments company, has announced a partnership with Brazil’s Bexs Banco, a pioneer in international digital payments, to help global businesses and customers make real-time payments to Brazil.
This includes payments to Pix, the instant payment system developed by Brazil’s Central Bank.
With this partnership, Brazilian recipients will be able to enjoy increased speed and transparency of inbound transactions processed by Thunes.
Those using Pix will receive payments instantly. Since launching in November 2020, Pix has already gained more than 112 million unique users and become the leader in Brazil’s alternative payments arena, ensuring full interoperability between banks and fintechs in Brazil.
Nine out of 10 bank transfers are now made using Pix contactless payment methods, with over one billion transactions per month.
“We were the first payment provider in Brazil to integrate the Pix technology into cross-border transactions. We now operate with Thunes, which processes payments for global players across multiple big techs, digital banks and international remittance platforms. Through this integration, we hope further to increase Brazil’s overall trade relations with the world,” said Luiz Henrique Didier Jr, CEO of Bexs.
Thunes’s existing network in the region covers over 16 countries, including Argentina, Colombia, Mexico, Peru and Uruguay.
