Mastercard supports remitters in MENA region with Cross-Border Services

Tuesday 14 July 2020 12:29 CET | News

Mastercard has rolled out Mastercard Cross-Border Services to enable people in the Middle East and North Africa (MENA) region to transfer money amid COVID-19 times.

Cross-Border Services offer support to banks, fintechs, mobile network operators, and exchange houses to modernise remittances, according to Mastercard. Thus, financial service providers can process digital payments with Mastercard Cross-Border Services and leverage the company’s global network through a single connection.

Overall, the payments company is committed to offering consumers with remittances services with support from local banks such as  First Abu Dhabi Bank and Standard Chartered in the UAE, SABB in KSA, Ithmaar Bank, AFS, Bank of Bahrain and Kuwait and National bank of Oman.
More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: banks, fintechs, mobile network operators, exchange, remittances, cross border payments, MENA, MasterCard
Categories: Banking & Fintech
Countries: United Arab Emirates
This article is part of category

Banking & Fintech