With Mastercard Cross-Border Services, financial service providers can process digital payments leveraging its global network through a single connection. Furthermore, these cross-border payments can reach almost anywhere in the world with certainty and predictability, and without back-end charges.
Through this partnership, Mastercard and ProgressSoft will help reduce the integration time by at least half. The expedition of bank onboarding will also allow Mastercard to accelerate the rollout of its Cross-Border Services network across the MENA region, allowing financial institutions to meet rising consumer demand for faster remittances.
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