- What does your company do?
Thunes is a cross-border payments network which enables corporates and financial institutions to transfer funds and provide financial services worldwide. We offer three key payment solutions:
- P2P remittance processing, which fosters worldwide financial inclusion
- Corporate mass payouts, which support the sharing economy and globalisation
- Digital payment services, which help corporates around the world boost revenue
- What challenges or opportunities do you foresee in your space in the next 2-3 years?
The rise of mobile wallets creates opportunities and challenges when it comes to connecting people to the global economy. Countries and people trading together build the necessary trust for global economic stability and by supporting businesses and individuals develop and grow, we are doing our part in creating impactful connections. On the other hand, more mobile wallets also mean a fragmented payment industry with an even greater need for integration. That’s exactly where Thunes can help whether it be connecting mobile wallets or connecting more traditional payment methods to mobile wallets.
- Do you have any plans to grow your business outside of Singapore?
We are a global company with teams on the ground in APAC, Africa, Europe, and the Americas. We plan to grow our network to cover more emerging markets and are currently focusing on launching our solution for invoice payment back to China. Singapore is a perfect home base, it allows us to be at the center of a great financial hub and reach many emerging markets in APAC.
- If you could ask for advice from any business role models, who would it be and why? What would you ask them?
I would pick Ed Catmull for his passion and balance between creativity and engineering. He revolutionized the animation industry with his dream and vision and used technology to do it. More than one specific question, I would love to discuss a few insights from his book “Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration” around leadership, risk and creating a work culture independently of who is at the helm.
- Any word of advice for emerging FinTech start-ups or other entrepreneurs like yourself?
Build the solution, team and culture you know will achieve the goals you’ve set for yourself. It’s easy to get lost with what is urgent today, but you should never lose sight of what is important in the long run.