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Mastercard Send™ allows merchants, acquirers, governments, gig workers, consumers, and others to send and receive funds, wages, cashback, refunds, or money transfers quickly and securely.
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Gaining momentum, Checkout.com joins hundreds of organizations already using Mastercard Send™ to speed and improve money transfers for billions of people in over 100 markets.
Singapore, March 15, 2023 /PR Newswire/ — Checkout.coma global payment solutions provider, Mastercard, today announced Mastercard Send™ Available to more Checkout.com customers at Asia Pacific region, starting with Australia Hong Kong Special Administrative Region later this year. Send™ service – enables real-time payments[1] It’s already available for consumers, gig workers, content creators, and organizations of all sizes to interact with anywhere in the world. Singapore.
Expansion of this partnership builds on the companies’ existing collaboration Europe, fintechs, banks, insurance companies, gig platforms that pay wages, online marketplaces and merchants that process instant refunds or payments, or governments that pay tax refunds, subsidies, etc. increase. Through Mastercard Send™, Checkout.com customers can also process funding transactions between his Mastercard cards of over 1.5 billion debit, credit and prepaid cards.
“Asia Pacific is a unique region that offers significant growth opportunities for acquirers. Working closely with merchants to understand their specific objectives and pain points has made the Content Creator Economy stand out. It’s a rapidly growing space where the demand for instant payouts is skyrocketing as the pool of independent freelancers looking to monetize their work on various social media channels grows. Powered by Mastercard Send™, Checkout.com’s MoneySend solution is the perfect way to receive funds securely and seamlessly on-demand, giving users greater control and visibility over their finances . “ Brian SeaCommercial Head (APAC), Checkout.com.
In today’s digital world, traditional payment methods no longer meet user expectations and have drawbacks. ACH, checks, and wire transfers have their place, but when businesses and consumers have minimal visibility into the real-time availability of funds, these methods are slow, expensive, and risky. In fact, 90% of gig workers associate quick payouts with financial security.[2]Card issuers have confirmed a 35% increase in average monthly spend on debit cards when using Mastercard Send™.[3]it is clear that faster payments are the basis for accelerated growth.
“Organizations of all types and sizes, from banks to retailers to governments, are realizing that their customers and constituents expect faster payments, more choice and greater security. ‘” Said Sandeep Malhotraproducts and innovation, Asia Pacific,master Card“Because Mastercard Send™ offers over 30 use cases, merchants and acquirers can easily connect to these services to expand their offerings and engage their customers, much like Checkout.com did. It can improve your payment experience.”
Learn more about Mastercard Send™: https://b2b.mastercard.com/mastercard-send/.
[1] Actual posting times for approved transactions will vary depending on the receiving financial institution. |
[2] Branch and Marqeta, Gig Payments Report, Work and Payments in the Gig Economy Today, United States, 2021 |
[3] Mastercard Send, Debit Lift Analysis, Europe, December 2020 |
About Checkout.com
Checkout.com is a global payment solutions provider that helps businesses and their communities thrive in the digital economy. Built with performance, scalability and speed in mind, our modular payments platform is ideal for businesses looking to seamlessly integrate better payment solutions. With a global team spread across 19 offices around the world, innovative solutions that flex to meet your needs, valuable insights that help you intelligently understand your payments performance, and navigating the complexity of our ever-changing world. We provide expertise you can trust. . Click here for details www.checkout.com
About Mastercard (NYSE:MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our Quality Quotient (DQ) drives our culture and everything we do inside and outside the company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks invaluable potential for all.
About Mastercard Send™
Mastercard Send™ allows people and organizations to send and receive money when, where and how. Mastercard Send™ plays a key role in diversifying Mastercard’s payment flows and enhancing the customer’s payment experience.
Checkout.com Communication Contact
pr@checkout.com
Mastercard Communication Contact
Sarah Gardin+65 6390 6199
sarah.guldin@mastercard.com
Agency communication contact
Louisa Lau+852 6644 9615
Llau@golin.com
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Source Mastercard; Checkout.com