Mastercard Send launches in UK

Friday 10 August 2018 11:43 CET | News

Mastercard has announced the launch of Mastercard Send in the UK to allow FIs, fintechs, digital customers and other businesses to send real-time payments to UK bank accounts.

The service will connect to the Faster Payments network, enabling a variety of use cases such as peer-to-peer (P2P) payments and business-to-consumer (B2C) disbursements.

Mastercard has chosen Starling Bank as its strategic partner for settlement services in the UK. Starling manages the funds that are to be disbursed before they are pushed to individual accounts via Faster Payments

The first UK customer for the service will be Income Group, a payroll-focused payment provider.

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Keywords: MasterCard Send, UK, Starling Bank, P2P payments, fintech
Countries: World