Thunes Expands Financial Network Into Six Middle Eastern Markets

This regional rollout follows the company’s 2025 entry into Saudi Arabia, targeting specific economic needs ranging from digital transformation to essential remittance lifelines. In Bahrain and Oman, the infrastructure supports national agendas like Oman Vision 2040, while in the UAE, the service aligns with the National Payment Systems Strategy to bolster enterprise and consumer transaction speeds.

In regions heavily reliant on cross-border inflows, the expansion serves as a critical financial channel. Lebanon, which receives approximately $7 billion annually in remittances, will now support mobile wallet payouts. Similarly, South Yemen, where remittances account for over 38% of GDP, gains access to bank and cash pickup options. In Syria, the introduction of cash pickup locations provides a necessary bridge for financial access as local banking systems undergo reconstruction.

Deputy CEO Chloé Mayenobe noted that these markets are prioritizing digital innovation and inclusion. To maintain security and speed, Thunes utilizes its SmartX Treasury System for AI-driven liquidity management alongside the Fortress Compliance Platform. These tools allow members to process local currency payments through direct API integration or existing Swift connectivity.