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SINGAPORE and PHNOM PENH, Cambodia, July 12, 2021 /PRNewswire/
Thunes, a leading global payments network, today announced a partnership with ABA Bank ( ABA ) that enables Cambodians overseas to send money back home quicker and cheaper from around the world.
Previously, customers making international money transfers to Cambodia had to pay high fees averaging close to 12% on a US$200 transfer
[1] and wait several days for the funds to reach their recipient. Now, powered by Thunes last-mile capabilities and extensive global network, Cambodians living, working and studying overseas can send money back home instantly and at more competitive rates. For instance, a migrant employed in Europe can easily transfer funds to a family member back home in Cambodia using any bank, money transfer operator, or payment service provider within Thunes network, and the money would reach their beneficiaries instantly.
Global payments network Thunes announced a partnership with ABA Bank (ABA) to enable Cambodians overseas to send money back home quicker and cheaper from around the world.
Powered by Thunes’ last-mile capabilities and extensive global network, Cambodians living, working and studying overseas can send money back home instantly and at more competitive rates.
In a further boost to efficiency and transparency, locals and expats in Cambodia will also be able to receive real time bank account transfers from Thunes’ extensive network of sending partners, in addition to cash payouts already made available through Thunes.
Thunes said that it will be doubling down on its focus on Cambodia by rolling out more capabilities in the future.
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