French Fintech, Skaleet, has announced it is entering a partnership with Thunes, a leading global cross border payments provider – provider of the PayPal to M-Pesa solution – to complement its existing ecosystem.

Skaleet says it wanted to find a partner that could offer an instant, global payment service to both B2B and B2C customers. With Thunes, Skaleet believes it is now able to offer a wide range of fast, competitive payment services that connect directly to its customers’ accounts.

Thunes is an instant payment platform that allows businesses to make payments in all corners of the world. Thunes supports over 79 currencies, enables payments to over 125 countries, and helps businesses and individuals accept over 285 payment methods.

Skaleet on the other hand enables financial institutions to launch new banking products and offer their customers new experiences at a competitive price. Through its open, modular and flexible CBP, Skaleet offers its customers increased customisation of its solution in a limited time.

Since it is versatile, agile and scalable, the Thunes platform is capable of supporting a variety of payment use cases. With Thunes, it is possible to interconnect players around the world with a single API (payment gateway) to provide processing for peer-to-peer money transfers, bulk payments, commercial payments and virtual accounts.

On the technology side, the partnership between Skaleet and Thunes means that customers with bank accounts on the Skaleet platform can transfer money internationally with payment tracking to the beneficiary. In addition, e-money institutions have the ability to verify beneficiary information in advance.

Through this collaboration, Skaleet expands its range of expertise and offers its customers a competitive advantage. In particular, cross-border payments will be one of the differentiating services that the fintech will now be able to deploy.

What they said:

Dawei Wang, Head of Strategic Partnerships at Thunes said, “We have met on multiple occasions in the past and have been following Skaleet closely. We both want to do more for banks and financial institutions around the world by offering them new solutions and technologies. This is the right time for us to join forces and form this partnership.”

Hervé Manceron, CEO and co-founder of Skaleet added: “This partnership with Thunes is the result of our desire to federate an ecosystem of partners around our platform to complement our value proposition. Thunes is the best ally to integrate to provide a digital and international money transfer solution. Through this collaboration, we are adding another string to our bow by now offering a fast, secure, low-cost and connected international money transfer solution.”