Absa Group and Thunes Launch Absa Global Pay
Analysis based on 9 articles · First reported Mar 05, 2026 · Last updated Mar 09, 2026
The launch of Absa Global Pay by Absa Group and Thunes is expected to intensify competition in the African remittances market, potentially leading to lower fees and improved services for consumers. This innovation could positively impact the financial services sector by driving further digital transformation and increasing financial inclusion across the continent.
Absa Group, a major African financial services provider, has partnered with Thunes, a global payments network, to launch Absa Global Pay. This new digital-first remittance solution aims to make cross-border money transfers faster, more affordable, and more accessible for customers across Africa. Available through the Absa Banking App and Connected Banking, it offers instant settlement to 18 countries, with an initial release covering the United Kingdom, Kenya, India, Malawi, Pakistan, and Zimbabwe. Customers can send funds to bank accounts, mobile wallets, or cash pick-up points, benefiting from real-time notifications and transparent pricing. This initiative builds on Absa Group's recent payment innovations, including Absa Pay and a bill payments service developed with EasyPay and Pay@, positioning Absa Group to gain a larger share of the lucrative African remittances market amidst growing competition from entities like FirstRand===First National Bank and Capitec Bank.
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