Paysafe integrates Mastercard Send into its payments platform LeapRate

June 28, 2022 BY Steffy Bogdanova

Paysafe integrates Mastercard Send into its payments platform

Paysafe’s platform latest updated will allow access to Mastercard Send via the existing payment connection, alongside the full suite of Paysafe’s payment products and services. The integration will also provide merchants with automatic reconciliations plus transaction data along with customisable reports. Scott Abrahams, Senior Vice President Business Development, United Kingdom and Ireland SIP at Mastercard…

April 14, 2022 BY Steffy Bogdanova

Nexo teams up with Mastercard and DiPocket to launch crypto card in Europe

Nexo said in the official announcement: The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to €20,000 per month. Additionally, there are no restrictions on what a customer can spent or withdraw. Interest is with no cost for Nexo customers who maintain a loan-to-value ratio of 20%…

November 25, 2021 BY Steffy Bogdanova

Mastercard acquires Arcus to expand its services in Latin America

Iñigo Rumayor, co-founder at Arcus, commented: Edrizio de la Cruz and I began this company to help immigrants like us have a proper way to track our finances and send money home. For nearly a decade, we have grown from those aspirations to help pave the way toward greater financial inclusion in Latin America. We’ve…

October 26, 2021 BY Steffy Bogdanova

Payments giant Mastercard to offer crypto services soon

Details about the new offering are still not disclosed but CNBC suggests that the service will be first available in the US. According to Mastercard estimations, 2.8 billion Mastercards are in use and the payments network’s clients have relationships with over 20,000 financial institutions around the globe. Bakkt CEO Gavin Michael, commented: We’re lowering the…

October 11, 2021 BY Alan Sayer

Mastercard and Citi expand partnership for small business support

Miguel Gamino, Executive Vice President, Enterprise Partnerships and Head of Global Cities and City Possible, commented: Cities need to think about how to adapt to a digital world in a way that leverages technology to bring more people into the digital economy. Partners like Citi allow us to continue to expand the range of solutions…

August 17, 2021 BY Steffy Bogdanova

Fullerton Markets unveils prepaid MasterCard for VIP clients

Mario Singh, CEO of Fullerton Markets, said: Our aim to be at the forefront of innovation and financial services has led us to the creation of the prepaid card for our VIP clients. This is a new feature in addition to the wide range of withdrawal options that Fullerton Markets is currently offering to our…

June 09, 2021 BY Steffy Bogdanova

Equiti releases payment card and mobile app

Ahead of the launch, traders were informed of the Equiti prepaid Master card and app and they demand showed a roughly 250% higher uptake rate than originally anticipated. Mohamed Alahmad, managing director for the Middle East region at Equiti, said: Equiti aims to make our client’s experience a global market disruptor so we are thrilled…

February 12, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: StoneX revenue up 1,200%, FXSpotStream appoints Matthew Fic as Americas Head of Sales

Multi-asset broker Exness will be taking part in the iFEX virtual expo on the 10th and 11th of February as a strategic sponsor. The first financial virtual expo in the MENA region will attract attendees from leading brands in the online trading, fintech, banking, digital assets, blockchain, and payments sphere, in a full-scale, highly immersive…

February 11, 2021 BY Steffy Bogdanova

Mastercard to support some cryptocurrencies in 2021

Mastercard already provides its customers with cards allowing them to have cryptocurrency transactions, even though it does not go through its network. The payment giant also pointed out that not all cryptocurrencies will be supported on its network but it will carefully decide which ones to add. The official statement said: This is a big…

July 27, 2020 BY Steffy Bogdanova

Visa and Mastercard support the use of cryptocurrencies in the financial services industry

Mastercard has also supported blockchain technology and cryptocurrency through its new programme aiming to increase its partner base for crypto payment cards. Visa and Mastercard were both initially partners of the cryptocurrency project of Facebook, Libra. They both pulled away from it but have not stopped supporting the use cryptocurrencies. In the end of May,…

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