Pomelo and Thunes Partner for Cross-Border Finance Innovation

Pomelo and Thunes collaborate to drive innovation in cross-border finance with a new credit-based digital wallet solution, enhancing financial services globally.

Pomelo and Thunes have joined forces to spearhead innovation in cross-border finance through the introduction of a credit-based digital wallet solution, aimed at enhancing financial services on a global scale. This strategic partnership between Thunes, a renowned leader in money movement innovation, and Pomelo, a pioneering credit-powered remittance company and credit card issuer, has paved the way for a revolutionary international money transfer solution from the United States to the Philippines.

Unlike traditional remittance methods that rely on money transfer operators or banks, Pomelo has taken a unique approach by underwriting each customer to provide a credit line for funding their remittance transfers. This not only helps customers build their credit history in the United States but also sets Pomelo apart as the first fintech solution to proactively address cross-border money transfers in the global remittance market.

Through Pomelo, cardholders can seamlessly transfer their credit line directly to the recipient's GCash digital wallet using Thunes' extensive network. With a large percentage of Filipinos utilizing digital wallets, particularly the GCash brand, this partnership is well-positioned to meet the increasing demand for convenient and cost-effective remittance solutions. Furthermore, Pomelo cardholders can support up to three family members or friends worldwide, providing them with access to competitive exchange rates and eliminating transfer fees typically charged by traditional money transfer companies.

The collaboration between Thunes and Pomelo is just the beginning, with plans to expand this innovative service to other popular US/international markets such as Mexico and India. This expansion underscores the commitment of both companies to revolutionize the remittance industry and offer seamless, cost-effective solutions that prioritize customer convenience and financial empowerment.

The partnership between Thunes and Pomelo represents a significant advancement in the realm of international money transfers, offering a transformative solution that enhances customer experience and financial flexibility.