Making it easier for payments services provider, Checkout.com‘s customers to send funds, a new partnership has been announced with payments juggernaut, Mastercard, building on an established collaboration.
The new partnership will see the payments services provider integrate Mastercard Move’s money movement solutions into its infrastructure. This will facilitate a wide range of use cases, including insurance disbursements, wallet cashouts and refunds, offering more flexibility and speed to businesses and individuals.
Mastercard Move, the technology company’s comprehensive portfolio of money movement capabilities, powers a variety of payment experiences. These include person-to-person payments, business payments and disbursements. The portfolio’s reach spans 180 countries and over 150 currencies, with access to more than 95 per cent of the world’s banked population.
Mete Guney, executive vice president, commercial and new payment flows, Eastern Europe, Middle East and Africa, Mastercard
CFI Financial Group, a global online trading provider, is among the first customers of Checkout.com to have adopted Mastercard Move capabilities.
“At Mastercard, we are dedicated to leading the digital transformation in the markets we serve, and our collaboration with Checkout.com is a significant step towards delivering innovative payment solutions for both consumers and businesses,” said Mete Guney, executive vice president, commercial and new payment flows, Eastern Europe, Middle East and Africa, Mastercard.
“Together we will set a new standard for payment technologies in the region, enabling faster, more secure payment flows that meet the evolving needs of our customers.”
Providing faster, more secure disbursement
“Mastercard has long been a trusted partner in Checkout.com’s mission to modernise the global payment ecosystem. We are excited to be the first acquirer to introduce the next phase of Mastercard Move, a tool that will enable us to further empower businesses with streamlined payment solutions, driving their performance. This partnership underscores our commitment to providing faster, more secure disbursements, helping businesses thrive in an ever-evolving digital landscape.” said Remo Giovanni Abbondandolo, general manager, MENA, Checkout.com.
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