TransferWise, Mastercard expand global partnership

Thursday 20 August 2020 11:08 CET | News

Mastercard and TransferWise have announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed.

Mastercard has built a strong partnership with TransferWise, working with the global technology company since its issuance of its first debit card in Europe in 2018. TransferWise currently partners with Mastercard across the EEA, US, Singapore, Australia, and New Zealand, with Japan due to launch later in 2020. This expansion of the relationship will allow a route to market in nearly all countries around the world.

With its multi-currency borderless account, TransferWise aims to replace old world international banking for its audience of expats, freelancers, businesses, and travellers. Its customers are increasingly using the borderless account as an international banking alternative, with new features including direct debits and instant international payments to friends. The Mastercard and TransferWise teams worked collaboratively to enable Apple and Google Pay, Fitbit and Garmin Pay across the EEA for all TransferWise cards.

In addition to card issuance, leveraging Mastercard Send, TransferWise has launched the capability for TransferWise account holders to be able to send money in near-real time to Mastercard cards in European countries including Spain, Romania, Bulgaria, Czech Republic, Hungary, Poland, Ukraine, Georgia, Croatia, and Russia.

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Keywords: MasterCard, TransferWise, partnership, cards, Borderless account, card issuance
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce