Singapore-based payment platform Thunes has announced strategic collaboration with Asia-Pacific payment provider WireBarley to provide real-time, seamless cross-border payments for businesses and individuals living abroad across major corridors including South Korea, the US, Australia, and Vietnam.

The alliance represents shared commitment to digital transformation and will fuel WireBarley's international expansion, enhancing customer experience through faster remittance services and enhanced payout capabilities across seven sending countries and 520 payout corridors by Thailand Business News.

By integrating with Thunes' Direct Global Network, WireBarley's 1.1 million users gain access to enhanced payout capabilities and faster remittance services. Through connection with WireBarley, Thunes is enabling real-time payments into South Korea, establishing new benchmark for cross-border payment in South Korea's sophisticated financial market and modernising business-to-business and consumer capital flow.

South Korea's outbound remittances hit USD 7.45 billion (€7.08 billion) in 2024. With digital remittance segment projected to grow at 16.7% compound annual growth rate through 2030, this collaboration positions both companies at centre of region's digital finance evolution.

Peter De Caluwe, Co-Founder and CEO at Thunes, stated, "Our collaboration with WireBarley represents a shared strategic vision to remove fragmentation in global money movement. It's a perfect example of how Thunes' Direct Global Network can serve as a catalyst for fintech innovation and growth through real-time cross-border money movement. By bridging the gap between South Korea and the rest of the world, we are supporting Thunes' presence in North Asia and empowering WireBarley to scale their vision of a borderless financial ecosystem."

Thunes' proprietary Direct Global Network allows members to make payments in real-time in over 140 countries and more than 90 currencies.

Explore how payment platforms are advancing cross-border customer experience through real-time transaction capabilities in the full report.