J.P. Morgan Taps Thunes to Power Cross-Border Payments for 94M Chase Customers

J.P. Morgan Payments selected Singapore-based Thunes as the infrastructure backbone for its Xpedite Remit product, adding direct connectivity to bank accounts and mobile wallets across 100+ corridors in 140 countries via a single API. The move pulls the largest US bank away from the correspondent banking chain for a significant slice of its emerging-market volume.

• Thunes connects 100+ payment corridors across 140 countries via one API
• Direct local rails include M-Pesa in Kenya, UPI in India and PIX in Brazil
• 85% of Thunes transactions settle instantly
• Circle's USDC provides 24/7 liquidity prefunding instead of nostro accounts