Mastercard & Corpay Boost Real-Time Cross-Border Payments Globally
Mastercard, a global leader in payment technology, has significantly broadened its strategic alliance with Corpay, a prominent corporate payments firm. This enhanced collaboration aims to revolutionize the landscape of global financial transactions by extending near real-time payment capabilities to an impressive 22 new markets spanning across Asia, Europe, the Middle East, Africa, and Latin America. This initiative, announced in a recent press release, empowers corporations, small and medium-sized businesses (SMBs), and financial institutions with unprecedented speed and efficiency in their cross-border payment operations. The Genesis of an Expanded Partnership The deepening of the partnership between Mastercard and Corpay builds upon a foundation of mutual commitment to innovation in the payments sector. The primary objective is to streamline and accelerate international transactions, addressing long-standing pain points associated with traditional cross-border payment methods. By lev…
