Thunes and BSF Transform Cross-Border Remittances from Saudi Arabia

Singapore-based Thunes and Saudi Arabia's Banque Saudi Fransi (BSF) have signed a Memorandum of Understanding to revolutionize international money transfers from Saudi Arabia. This strategic alliance, announced at SIBOS 2025, aims to provide BSF consumers and businesses with faster, more affordable, and secure remittances, enhancing the customer experience through real-time transactions.

The collaboration allows BSF account holders to connect with accounts and wallets globally, marking a significant advancement in Saudi Arabia's banking sector. It aligns with Vision 2030, strengthening the Kingdom's position as a global digital finance hub.

Leaders from both organizations emphasize their commitment to innovation, trust, and transforming how money flows out of Saudi Arabia. This partnership demonstrates a move towards a digital economy, facilitating simpler, instant, and cost-effective transfers for individuals and businesses alike.