Thunes and Banco Cathay Enable Swift-Powered Pay-to-Wallet Payments in Costa Rica
Event summary
- Thunes and Banco Cathay of Costa Rica activated Pay-to-Wallet payments via Swift on March 19, 2026.
- The solution allows banks connected to Swift to send payments to mobile wallets with minimal operational lift.
- Thunes' SmartX Treasury System and Fortress Compliance Platform power the transactions.
- Banco Cathay aims to enable faster, simpler cross-border payments for customers using mobile wallets.
The big picture
This partnership bridges traditional banking infrastructure with the mobile wallet economy, addressing the needs of underbanked populations. Thunes' ability to leverage existing Swift connectivity for mobile wallet payments could set a new standard for cross-border interoperability. The move underscores the growing trend of fintech solutions integrating with legacy banking systems to enhance global payment efficiency.
What we're watching
- Network Expansion
- How quickly Thunes can onboard additional banks to its Direct Global Network through this Swift integration.
- Market Penetration
- Whether this solution can significantly increase financial inclusion in mobile-first markets.
- Regulatory Compliance
- The effectiveness of Thunes' Fortress Compliance Platform in ensuring seamless cross-border transactions.
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