Mastercard partners TransferGo for cross-border payments

Mastercard and TransferGo are launching a partnership to enable international money transfers across 20 European countries.

The collaboration will mean that customers can transfer funds from any payment card or bank account directly to a Mastercard debit or credit card.

Leveraging Mastercard’s proprietary Send technology, the partnership means that TransferGo customers can make real-time transfers to Mastercard holders in the following countries: Austria, Bulgaria, Czech Republic, Denmark, Estonia, Germany, Greece, Hungary, Latvia, Lithuania, Poland, Portugal, Romania, Russian Federation, Slovakia, Spain, Sweden, Turkey, Ukraine and the United Kingdom.

The payment can be made securely from any card or bank account directly to a Mastercard card in those countries.

As a licensed authorised payment institution in the UK, TransferGo is held to strong security standards including keeping personal and financial information safe through modern security technology, including SSL encryption between its servers and the individual’s browser.

Commenting on the Mastercard partnership Daumantas Dvilinskas, chief executive of TransferGo said: “Our partnership with Mastercard comes at a time where there is a growing need for strong international digital payments structures – something that has only accelerated during the COVID-19 pandemic.”

Milan Gauder, executive vice president, products & innovation at Mastercard Europe explained: “Providing people with choice is at the heart of what we do here at Mastercard. Be it domestic or cross-border payments, we want empower people to decide what method of payments best fits their needs at a particular moment.”

“To that end we are delighted to partner with an innovative company such as TransferGo to reach millions of people around the world to benefit from a fast, safe and reliable international payment solution” he added.

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