SINGAPORE and SAN JOSÉ, Costa Rica, August 3, 2021 / PRNewswire / – Money a leader in global cross-border payments, and Teledolar, a major player in fintech central America, today announced a partnership that makes payments simple, faster, more transparent and cost effective for customers and businesses who send money to Costa Rica. The addition of Costa Rica to the already well-established global network of Thunes, is increasing its Latin America coverage in 12 countries.
Costa Rica is home to a home of process outsourcing companies offering telemarketing, call center and technical support. Partnering with Teledolar offers global Thunes customers a faster way to make payments to businesses in Costa Rica and funds transfers can be made in real time to all bank accounts through the local automated clearing house (ACH) system.
For example, a US-based software development company will now be able to pay technical support staff in Costa Rica instantly while Costa Rican businesses will have access to global markets, allowing them to receive payments directly from around the world.
“We are delighted to add Costa Rica to our network thanks to the Teledolar partnership. We are seeing rapid growth in demand for Latin America and we are delighted to seize this opportunity. This addition means that we now have coverage in 12 markets in Latin America, enabling millions of people to benefit from faster and more reliable cross-border transactions. Thunes promotes access and affordability of financial services in the world’s fastest growing economies, ”said Andrew Stewart, Global Head of Networks, Thunes.
Thunes’ mission is to build a bigger and better payments network that interconnects financial institutions and businesses in developed and developing markets and enables any payment player to transfer money across borders instantly without having to need countless integrations to multiple systems.
“Increasingly, consumers and businesses Costa Rica are looking for more transparent, efficient and secure ways to receive digital payments from abroad. Teledolar strives to meet the evolving needs of its customers for global transfers and payments through this partnership with Thunes. We also plan to extend the new service to our customers by Nicaragua soon “said Juan Carlos Bedoya, CEO of Teledolar.