Thunes and UnionPay International Expand Instant Payouts to China’s Mainland

Thunes announced a deeper strategic alliance with UnionPay International, moving to expand cross-border payments into China’s mainland. The companies said the arrangement transforms money movement by enabling instant payouts to UnionPay cards. The expanded alliance covers UnionPay cards linked to 79 major Chinese banks. It also supports daily payout limits of up to $10,000 USD, giving the service a higher-capacity profile than smaller-scale transfer arrangements. Thunes described itself in the announcement as the Smart Superhighway to move money around the world. The company said the collaboration with UnionPay International is intended to combine instant payout capability with bank-grade security. The…