Aljazira Bank Taps Thunes Network for Saudi Global Remittances
Aljazira Bank has partnered with Thunes to accelerate cross-border payment speed, transparency, and international reach for customers in Saudi Arabia.
Saudi Arabia-based Aljazira Bank has selected Thunes, a global payments network provider, to upgrade its international remittance infrastructure, the companies announced. The strategic partnership is aimed at expanding the bank's cross-border payment capabilities through Thunes' established global network.
The collaboration is designed to improve three core dimensions of the remittance experience: transaction speed, end-to-end transparency, and international coverage. Saudi Arabia is one of the world's largest sources of outbound remittances, making efficient cross-border payment rails a critical service for both retail and commercial banking customers.
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Thunes, which markets itself as a "Smart Superhighway" for moving money internationally, brings an existing network of financial corridors that Aljazira Bank intends to leverage for its customer base. The deal positions the bank to compete more effectively in a remittance market that has seen intensifying demand for faster and lower-friction transfers across emerging and developed markets alike.
The announcement, dated September 28, 2026, reflects a broader trend among Gulf region financial institutions seeking to modernize payment infrastructure through fintech partnerships rather than building proprietary systems from scratch. Analysts note that such tie-ups allow traditional banks to extend reach without the capital expenditure of independent network development.
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