Mastercard (NYSE: MA) and Thunes, the money movement Fintech, have teamed up to accelerate global funds transfers for banks, payment service providers and end-users by expanding stablecoin wallet payout capabilities. Via this latest collab, announced at the Singapore Fintech Festival, Mastercard Move will facilitate near real-time payouts to stablecoin wallets via Thunes’ Direct Global Network, harnessing the liquidity, and “24/7 availability of stablecoins.”
Mastercard Move now reportedly enables payouts to cards, bank accounts, and cash across its network.
Via this alliance with Thunes, it will offer stablecoin wallets as a new endpoint – giving banks and payment providers “flexibility in delivering funds, while offering end-users more choice in how they receive them.”
Pratik Khowala, Global Head of Transfer Solutions at Mastercard said that this collaboration with Thunes reinforces their role as a “bridge between traditional and digital finance.”
With Mastercard Move, they now “enable transfers in 150 currencies to over 10 billion endpoints—including accounts, cards, and cash.”
With this collaboration they’re adding stablecoin wallets to that mix.
It’s all about giving end-users “more choice and unlocking new possibilities for banks and payment service providers as digital currencies continue to grow.”
This collab marks a new milestone in Mastercard Move’s commitment to facilitating stablecoin flows for FIs and wallets.
It is also a validation of the adoption of stablecoin payments for real-world utility.
Thunes’ recently launched Pay-to-Stablecoin-Wallets solution, which will be integrated into Mastercard Move’s network, “directly addresses the rapidly growing demand from individuals and businesses worldwide to receive instant, 24/7 payouts in a stable digital currency.”
Mastercard Move reportedly offers direct disbursers, banks, non-bank financial institutions, and their customers with “money movement solutions, both domestically and internationally.”
The portfolio reaches over 200 different markets and 150+ currencies, with access to “over 95% of the world’s banked population.”
