Mastercard bridges fiat and crypto payouts in Thunes tie-up
Mastercard’s money-movement unit is teaming with Thunes to support near-instantaneous payouts to stablecoin wallets across 200+ markets.
- Mastercard partnered with Thunes to integrate stablecoin wallet payouts into its global network.
- The collaboration promises to enable near-instant transfers across 200+ markets.
According to a press release dated Nov. 13, the collaboration between Mastercard Move and Thunes —announced at the Singapore Fintech Festival — provides financial institutions on the platform with a new, direct channel to settle transactions onto various blockchain networks using regulated stablecoins, operating outside the constraints of traditional market hours.
“With Mastercard Move, we already enable transfers in 150 currencies to over 10 billion endpoints—including accounts, cards, and cash. With this collaboration we’re adding stablecoin wallets to that mix. It’s all about giving end-users more choice and unlocking new possibilities for banks and payment service providers as digital currencies continue to grow,” Pratik Khowala, Global Head of Transfer Solutions at Mastercard, said.
Mastercard brings stablecoins to global finance
For corporate and institutional clients, this integration addresses specific operational pain points. The capability for near real-time, 24/7 payouts could streamline cross-border payroll, supplier payments, and remittances, particularly in corridors where traditional banking channels are slow or costly.
The move also has implications for financial inclusion, though its practical effects remain to be measured. Mastercard’s network reaches over 95% of the world’s banked population.
Adding stablecoin wallets as a payout endpoint could offer an alternative for individuals in areas with limited banking infrastructure, provided they have access to the necessary digital tools and can manage the associated technical requirements.
Thunes, for its part, has built a reputation as one of the few payment networks capable of connecting digital wallets, banks, and alternative payment methods in real time.
Operating across 130 countries, the Singapore-based company facilitates direct transfers between diverse financial ecosystems, from emerging-market mobile money services to established fintech platforms.
