JPMorgan Chase & Co. (JPM Quick QuoteJPM - Free Report)  is expanding its cross-border payments capabilities through a partnership with Thunes, a global payments infrastructure provider that connects businesses to local payment networks, bank accounts and mobile wallets worldwide. The company will integrate Thunes’ Direct Global Network with J.P. Morgan Payments’ Xpedite Remit solutions suite. This is expected to make international payouts faster, simpler and more reliable across multiple markets. The partnership addresses one of the key challenges in cross-border payments — connecting efficiently with different local payment systems and preferred payment methods across markets. 

Through Xpedite Remit, clients can send faster payouts to local bank accounts and mobile wallets across more than 100 corridors. The solution provides access to 12 billion bank accounts and mobile wallets through Thunes’ network and uses real-time, 24/7 payment networks through a single account and connectivity. It also offers principal protection, end-to-end payment traceability and foreign-exchange conversion when payments require a currency exchange.

The initial rollout supports instant supplier settlements, bill payments and remittances. It will be available globally, including markets with significant cross-border remittance flows such as India, Mexico, Bangladesh, Brazil, China, Colombia, Indonesia, Kenya, Nigeria, Pakistan and the Philippines. This gives businesses access to a wider range of local payment endpoints while maintaining a centralized payments relationship with the company.

The expanded capabilities will also benefit JPMorgan’s Consumer & Community Bank division. Chase accounts serve approximately 94 million consumer and small-business customers, and the enhanced payment rails are expected to support faster payout experiences and real-time inbound payments into the United States. This extends the initiative beyond corporate payments and creates potential benefits across both institutional and consumer payment flows.

JPM’s Thunes Partnership Supports Its Payments Strategy

JPMorgan’s Payments has been expanding its capabilities through initiatives such as Wire 365 and its recent progress with SWIFT’s retail payments scheme. The Thunes collaboration adds another layer by expanding access to local bank accounts and mobile wallets across additional corridors.

The strategy also aligns with the company’s broader focus on technology-led payments growth. The bank processes payments across more than 200 countries and territories and approximately 120 currencies, highlighting the scale of the infrastructure that can support additional cross-border payment volumes.

Thunes says its Direct Global Network reaches more than 12 billion bank accounts and mobile wallets across 140 countries and 90 currencies, alongside numerous local payment methods. This network can help JPM expand payout reach while retaining its own payments, foreign-exchange and banking infrastructure.

Our Take on JPM’s Cross-Border Payments Expansion

The initiative reinforces JPM’s strategy of investing in payment infrastructure and expanding international money movement. While the partnership’s financial contribution remains undisclosed, broader corridor access and use cases could support higher payment volumes and fee-based growth over time. The expansion also strengthens the company’s ability to serve businesses and consumers shifting toward faster, always-on digital cross-border payment channels.

Over the past six months, JPM shares have gained 15.5%, underperforming the industry’s 15.9% growth.

6-Month Price Performance

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Currently, JPM carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Restructuring Efforts by Other Financial Firms

This week, HSBC Holdings plc (HSBC Quick QuoteHSBC - Free Report) announced the expansion of its U.S. Premier offering with wealth, health, travel and international banking services to address the evolving needs of affluent customers with international lifestyles and cross-border wealth requirements. The initiative includes digital wealth-management capabilities, self-directed brokerage services, personalized financial planning and international banking benefits, supported by HSBC’s network of 21 U.S. Wealth Centers.

HSBC’s wealth franchise is already showing momentum, with wealth balances rising 7% year over year to $1.58 trillion and wealth revenues increasing 18% to $5.5 billion in the first half of 2026. While the enhanced U.S. Premier offering could deepen affluent-client relationships and support additional wealth and fee income, HSBC’s plans to simplify its organization and exit non-strategic businesses are expected to generate approximately $2 billion in annualized savings by the end of 2026, providing additional resources for priority growth initiatives.

Earlier this month, BGC Group (BGC Quick QuoteBGC - Free Report) announced plans to advance its push toward AI-driven institutional trading with the launch of Fenics AI, which recently completed BGC’s first fully AI-brokered institutional trade in listed equity derivatives. The initiative supports BGC Group’s broader shift toward electronic and technology-enabled trading, while potentially allowing brokers to focus on higher-value client interactions and complex transactions.

Fenics AI will likely add another potential growth avenue to BGC Group’s expanding Fenics franchise. While near-term contributions from Fenics AI are expected to be limited during the initial commercialization phase, broader adoption is likely to increase transaction capacity, improve operating leverage and streamline trade processing.