Mastercard Partners with Remitly
Mastercard, one of the world’s leading payment solution providers, has announced a strategic partnership with Remitly, a popular online money transfer service. This collaboration is set to revolutionize the remittance space by offering faster, more secure, and affordable cross-border money transfers for millions of people worldwide.
Remittances play a crucial role in supporting economies around the world, facilitating financial inclusion, and helping individuals provide for their families and loved ones. With this partnership, Mastercard seeks to leverage Remitly’s innovative digital platform and deep expertise in the remittance domain to enable seamless money transfers across borders, empowering migrants to send money back home in a convenient and cost-effective manner.
By integrating Mastercard’s global network, advanced technology infrastructure, and extensive range of digital payment solutions, Remitly will enhance its capabilities in providing secure and trustworthy remittance services. Users will benefit from faster transaction processing times and increased transparency during the entire money transfer process.
This partnership aims to offer greater flexibility for customers in choosing how they want to send and receive money, with options for direct bank transfers, mobile wallets, or cash pick-up locations. As a result, individuals will have more control over their funds and can select the most convenient method for their recipients.
Moreover, Mastercard and Remitly envision expanding their collaboration by exploring initiatives to enhance financial education and promote economic empowerment among underserved communities. By working together, both companies aim to foster financial resilience and contribute to bridging the global financial inclusion gap.
Mastercard’s partnership with Remitly represents a significant step forward in transforming the remittance industry, making it more accessible, affordable, and secure. As the world continues to witness unprecedented global migration, empowering individuals and facilitating financial well-being remains a priority. With their combined expertise, Mastercard and Remitly are well-poised to shape the future of cross-border money transfers.
To learn more about this partnership and the services offered by Mastercard and Remitly, please visit www.mastercard.com and www.remitly.com.