Global payments solutions provider, Checkout.com, together with Mastercard, will make Mastercard Send available to more customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year.
The Send service – which powers real-time payments for consumers, gig workers, content creators and organisations of all sizes, wherever they interact worldwide – is already available in Singapore.
This partnership expansion, which builds on an existing collaboration in Europe, will offer near instantaneous pay-out capabilities for fintechs, banks, insurance companies, gig platforms paying wages, online marketplaces and merchants processing instant refunds or settlements, or governments disbursing tax rebates, subsidies and more.
Through Mastercard Send, Checkout.com customers will also be able to process funding transactions over 1.5 billion debit, credit, and prepaid Mastercard cards.
“As organisations of all types and sizes, ranging from banks to retailers to governments, are realising that their customers and constituents expect greater speed, wider choice, and tighter security in their payments, meeting these expectations has become a competitive necessity, not just a ‘nice to have,’” Mastercard Asia Pacific executive vice president of products and innovation, Sandeep Malhotra said.
“As Mastercard Send offers over 30 use cases, merchants and acquirers can easily connect to these services to expand their offerings and improve the payments experience for their customers – just as Checkout.com has done.”