Absa and Thunes launch Absa Global Pay to speed up cross-border money transfers

Absa Group, one of Africa's largest providers of diversified financial services, has partnered with Thunes, the smart highway for sending money around the world, to launch a new digital-based remittance solution, Absa Global Pay, which makes sending money abroad faster, simpler, and cheaper for millions of customers across Africa.

As international money transfers play an increasingly important role in supporting families, education, healthcare, and small businesses, customers expect solutions that are intuitive, transparent, and cost-effective. The partnership between Absa and Thunes is a direct response to this need, combining Absa's proven presence across Africa with Thunes' flexible Direct Global Network to provide comprehensive real-time money transfer services.

Prostsza, szybsza i bardziej intuicyjna obsługa klienta

Absa Global Pay enables Absa customers to send funds directly from the Absa Banking App or Connected Banking (Absa Online) with instant settlement to 18 countries, six of which are part of the first release (the United Kingdom, Kenya, India, Malawi, Pakistan, and Zimbabwe). Customers can choose from a variety of withdrawal methods—bank accounts, mobile wallets, or approved cash pickup points—with real-time notifications and full transaction visibility, providing an added sense of security and control.

Przystępność cenowa i przejrzystość jako podstawowe wartości

Leveraging Thunes' proven Direct Global Network and Absa's scale in key African markets, this solution offers lower fees, transparent pricing, competitive exchange rates, and greater value, ensuring that more of each transaction goes to the families and businesses for whom remittances are a financial lifeline.

"At Absa, we strive to create financial services that are innovative, intuitive, and deeply connected to the everyday needs of our customers. Money transfers remain essential for supporting families abroad, and our research indicates significant opportunities to add value in this area. Together with Thunes, we are delivering a solution that is simpler, faster, and more affordable—providing customers with choice, transparency, and significant value." – Nick Nkosi, Executive Director of Transactions and Deposits at Absa Personal and Private Banking "We are proud to partner with Absa, one of Africa's most trusted financial institutions, to expand access to modern, affordable cross-border payments. By combining Absa’s deep local knowledge with Thunes’ extensive Direct Global Network, we are making international money transfers seamless and accessible to everyone, everywhere. The launch of this service is an important milestone in our mission to support the continent's development by improving the flow of money in Africa and providing inclusive financial connectivity to communities around the world." – Simon Nelson, Chief Commercial Officer, Thunes

"At Absa, we strive to create financial services that are innovative, intuitive, and deeply connected to the everyday needs of our customers. Money transfers remain essential for supporting families abroad, and our research indicates significant opportunities to add value in this area. Together with Thunes, we are delivering a solution that is simpler, faster, and more affordable—providing customers with choice, transparency, and significant value."

– Nick Nkosi, Executive Director of Transactions and Deposits at Absa Personal and Private Banking

"We are proud to partner with Absa, one of Africa's most trusted financial institutions, to expand access to modern, affordable cross-border payments. By combining Absa's deep knowledge of the local market with Thunes' extensive Direct Global Network, we are making international money transfers seamless and accessible to everyone, everywhere. The launch of this service is an important milestone in our mission to support the continent's development by improving the flow of money in Africa and providing inclusive financial connectivity to communities around the world."

– Simon Nelson, Commercial Director, Thunes

Historia wielu innowacji w zakresie płatności w Absa

The launch of this product builds on a growing number of recent payment innovations from Absa aimed at simplifying the way customers manage their money—from mobile solutions such as Absa Pay to online payments — a secure online platform that allows Absa customers to pay for purchases at online stores without providing their bank account login details — to the recent introduction of bill payments in partnership with EasyPay and Pay@.