Thunes, a Singapore-based global cross-border payments company, has entered into a definitive agreement to acquire the American unified payment platform Tilia LLC. This is reported in the Thunes press release.
The deal is aimed at expanding Thunes' presence in the United States and strengthening its position in the fast-growing online gaming market. As part of the deal, the Thunes global network will be available throughout the United States, including Tilia customers, for real-time payments through 4 billion bank accounts, 3 billion digital wallets and 550 alternative payment methods (APM). Using Tilia technology, Thunes will be able to offer Visa, MasterCard, American Express, JCB and UnionPay services to customers.
Thunes and Linden Research, Inc. (Linden Lab), Tilia's majority shareholder, have entered into an exclusive five-year partnership agreement, under which, after the transaction closes, Thunes will provide payment processing and payments to Linden Lab customers using the Thunes global network, which allows you to pay and receive money in real time in a more cost-effective way with increased transparency.
Subject to regulatory approval, Tilia will be renamed Thunes and will retain an office in San Francisco, California after the transaction is completed.
Thunes is an innovative payment company that ensures the smooth movement of funds in real time, reducing the gap between international payment systems. Thunes makes payments in 84 currencies in 133 countries through various payment methods, including 129 mobile wallets (PayPal, M Pesa and Orange Money), Uber and Deliveroo, Grab and WeChat. Thunes is headquartered in Singapore with offices in 14 cities including Beijing, Nairobi, Riyadh, Dubai, San Francisco, Sao Paulo, London, Paris, Barcelona and Manila.
Tilia LLC is a universal payment platform for the digital economy, focusing on the integration of real and virtual currencies into online platforms. The company provides services that allow you to process payments, issue virtual tokens, manage in-app purchases and make real money payments to users in the online gaming, virtual worlds, mobile applications and NFT market. Tilia is licensed in 48 states in the United States and is headquartered in West Hollywood (California).
Linden Lab is an American technology company, best known as the developer of Second Life. The headquarters is located in San Francisco (California) with offices in Boston (Massachusetts), Seattle (Washington), Davis (California) and Virginia.
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