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Mastercard, Bank of Shanghai to support cross-border business payments

Wednesday 29 July 2020 09:29 CET | News

Mastercard and Bank of Shanghai have partnered to support businesses across the globe to send payments to China via Cross-Border Services.

By using the services, business customers will be able to transfer money to any local bank in China. As part of the agreement, Bank of Shanghai joins a list of global banks working with Mastercard to offer people and businesses a predictable way to make payments and get paid across borders, according to IBS Intelligence.

Mastercard Cross-Border Services is said to connect 90% of the world’s population via cards, bank accounts, digital wallets, cards, and cash agents, all through a single and secure point of access.
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Keywords: Mastercard, Bank of Shanghai, cross border payment, online payments, mobile payments, China, cards, bank accounts, digital wallets, cards, Cross-Border Services
Categories: Banking & Fintech | Payments General
Countries: China
This article is part of category

Banking & Fintech