Leading Technology Players Join Mastercard Send Partner Program for Digital Payments Innovation

Mastercard has announces the first 16 technology partners to join the Mastercard Send Partner Program, a new program for banks, financial technology providers and system integrators to help them deliver more convenient and secure real-time digital payments to their customers. This innovative program allows these providers to quickly embed end-to-end real-time payments into their customer journeys using Mastercard Send, to help them meet growing consumer expectations for speed, choice and security.

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The initial partners to join the program are Adyen, AptPay, Checkout.com, Cognizant, Fenige, Green Dot, Ingo Money, KyckGlobal, Opentech, OpenText, Oracle, PayPal, Stripe, TabaPay, Transcard and Verestro.

More partners will be announced throughout 2022 and Mastercard will collaborate with these leading technology partners to enhance functionality and accelerate deployment of Send across global markets.

Partners will be provided with turnkey resources and additional benefits to facilitate world-class digital payment experiences.

Liz Oakes, Executive Vice President, Send, Mastercard, said: "Payment solutions need to provide convenient options and reflect the increasingly complex global world we all live in. Consumers expect speed, choice and security wherever they interact so offering convenient, innovative ways to pay and get paid is essential. Our Send Partner Program will ensure our partners have the ongoing support they need to embed real-time payment services into the heart of their product offering and provide millions more people with secure, convenient and faster ways to pay and get paid. We are excited to be supporting our initial 16 partners and look forward to welcoming more to the Program over the coming months."

Together, Mastercard and its partners will focus collaboration efforts to bring best in class digital payment solutions to market by embedding real-time payments into the digital customer journey. For example, Oracle and Mastercard partnered to create Civic Assist, a comprehensive solution to enable public sector organizations to disburse aid quickly, safely and securely – ensuring people in need are able to get financial support, fast. Additionally, AptPay has recently announced it will be launching smartSEND, enabling casinos and online gaming sites to instantly disburse winnings into bank accounts, prepaid cards and/or mobile wallets using Mastercard Send, providing winners with more convenient, immediate access to their money.

Mastercard Send is an integral part of Mastercard's mission to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple and accessible. Together with Mastercard Cross-Border Services, customers are able to reach more than 100 countries and 50 currencies, and access more than 90% of the world's population through a single, secure global platform. For example, OpenText integrates with both Send and Cross-Border Services to ensure that customers and partners can quickly enable the secure exchange of digital payments globally – removing lengthy delays or uncertainty over international payments.