MasterCard Move and DTCPay Partners to Strengthen Global Remittances
DTCPAY, a Singapore-based digital payment solutions provider, is forged a strategic collaboration with MasterCard Move to promote seamless global remittances for users.
The partnership leverages MasterCard’s global money movement capabilities to “enhance the speed, security and transparency of cross-border transactions,” says DTCPay.
Starting in June, DTCPay users will have access to more than 49 payment corridors for transactions originating from Singapore.
Payment destinations include markets across mainland China, Emirates, Indonesia, Malaysia, the Philippines, Switzerland, Thailand, Vietnam and some markets across the European Union.
The collaboration allows for quick processing, with 60% of payments usually received within an hour and 95% within 24 hours, the company claims.
Companies can pay overseas vendors or employees faster than traditional wire transfers, which can take up to five days.
Financial institutions like brokerages access DTCPay’s API infrastructure for efficient cross-border transactions.
Individuals can manage global finance through DTCPay’s streamlined payment solutions without the need for high transaction volumes.
DTCPay CEO & Co-Founder said: “DTCPay constantly pushes the boundaries of digital payments to ensure users enjoy a best-in-class experience. This collaboration with Mastercard’s movement is a key milestone in achieving that goal.
“By enabling fast, transparent and secure cross-border security, we will not only improve our users’ financial experience, but also help businesses, financial institutions and individuals thrive in an increasingly globalized world.”
Provides remittance solutions to banks, non-bank financial institutions, direct dischargers and their customers, MasterCard Move operates in over 200 countries and handles over 150 currencies.
April, MoneyGram MasterCard Move has been implementedaims to improve the digital movement of money within the US and across borders.
The partnership leverages MoneyGram’s network, covering 200 countries and includes around 450,000 retail sites and 5 billion digital endpoints.
“DTCPAY Partner with MasterCard Move to Strengthen Global Remittances” was originally created and published Electronic Payment Internationala brand owned by GlobalData.
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