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 enables banks on Swift's network to send payments to mobile wallets with minimal operational effort.
- Thunes' SmartX Treasury System and Fortress Compliance Platform power the transactions.
- Banco Cathay becomes the first Costa Rican bank to offer this capability.
The big picture
This partnership represents a strategic bridge between traditional banking infrastructure and 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, particularly in regions where mobile money dominates.
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 will accelerate adoption in mobile-first markets beyond Costa Rica.
- Regulatory Compliance
- The effectiveness of Thunes' Fortress Compliance Platform in maintaining security and regulatory adherence across diverse markets.
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