- TransferGo, which is an increasingly popular name in the online money transfer world, said that it would leverage Mastercard Send to improve its offer.
- The new product offering will affect 20 countries across Europe and further afield – including big names such as Germany, Sweden and Spain.
- Senior figures at both of the companies were positive about the move – with Mastercard arguing that it would allow “people to decide what method of payment best fits their needs” at any given time.
Online money transfer company TransferGo has announced a brand new collaboration designed to help people in 20 nations across the world to make direct transfers.
TransferGo will now use the Mastercard Send platform to make the transfers, which will see cash sent across borders almost instantly.
Payments can be made using a wide range of bank accounts and bank card types.
According to press reports, the money can be sent directly to a Mastercard bank card.
A diverse range of countries in Europe (and close to that region) are listed as new recipient destinations.
Countries in Western Europe such as Spain and Germany are on the list, as is the UK.
Eastern European countries such as the Czech Republic and Bulgaria are also present, as are Scandinavian nations such as Sweden and Denmark.
In a press statement, TransferGo’s chief executive officer and co-founder Daumantas Dvilinskas cited the ongoing coronavirus pandemic as an example of why online cross-border payments were becoming more needed and popular.
Dvilinskas said that the firm intended to be “relentless” when it comes to driving further customer bases.
“Our partnership with Mastercard comes at a time where this a growing need for strong international digital payments structures – something that has only accelerated during the Covid-19 pandemic,” he said.
“We will continue to be relentless in our support of the evolving needs of both new and existing customers as we develop and implement new technology that allows us to react fast, meet new challenges head-on and achieve new outcomes,” he added.
For Mastercard, the firm’s executive vice president for Products & Innovation in Europe said that the new arrangement would lead to increased choice for the end user.
“Providing people with choice is at the heart of what we do here at Mastercard,” said Milan Gauder in a statement.
He went on to say that this requirement for choice extends to both local and international payments – and that it would help people at different times and stages of the process.
“Be it domestic or cross-border payments, we want to empower people to decide what method of payment best fits their needs at a particular moment,” he said.
The Mastercard Send platform is designed to allow people to make safe, secure, close-to-instant payments to a whole range of account types.
International money transfers companies are leading the way when it comes to innovation, progress and meeting clients’ ever-changing needs – as a customer, you can learn more about the end products at these review pages.
