Absa Taps Thunes as Multicurrency Clearing Partner Across Africa
Johannesburg – October 01, 2026 -- Absa Group has selected Thunes as a strategic Multicurrency Clearing partner, expanding a collaboration that links Absa's Pan-African banking footprint to Thunes' Direct Global Network spanning more than 140 countries, 90 currencies, and 220 payment methods.
Deal builds on South Africa's Absa Global Pay launch
The new agreement extends the two companies' prior rollout of Absa Global Pay in South Africa, which combined Absa's banking franchise with Thunes' global payment connectivity and local-market capabilities. The expanded partnership now underpins Absa's broader cross-border payments strategy across African and global markets.
Clearing link enables payouts beyond bank accounts
By connecting directly to Thunes' network, the collaboration allows Absa to route payouts to mobile wallets and card rails, not just bank accounts, with 24/7 liquidity and enterprise-grade compliance built in.