Mastercard, Sokin ink a deal for payment services in Singapore

Sokin is a financial service provider that offers international payments devoid of commission at a fixed monthly fee. The company aids businesses and customers make payments across more than 200 countries and enables foreign exchange services across over 150 countries and in more than 35 various currencies.

The new deal further adds to the benefit offered by Sokin’s newly introduced subscription-based payment service, which is expected to be available in the Q1 of 2021. As per Nasdaq, the new offering is likely to pave the way for improved payment services as the proprietary technology of Sokin facilitates international money transfers and payments through its peer-to-peer mobile app. In addition, Mastercard’s digital solutions integrated with Sokin’s cost-effective service will help businesses and customers across regions where the partnership is extended, while strengthening their market presence.