Payment Giants Mastercard and Paysafe Extend Global Collaboration

Paysafe, a leading specialised payments platform, has today announced the integration of Mastercard Send, enhancing the payout capabilities offered to Paysafe's merchant customers in the UK and EU.

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According to the press release, the integration enables Paysafe's merchant to receive money around the world in near real-time. Mastercard Send enables funds to be sent quickly and securely to cards, bank accounts and mobile wallets.

Scott Abrahams, Senior Vice President Business Development, United Kingdom and Ireland SIP at Mastercard said:"In a climate where the adoption of digital payments has grown exponentially, we're committed to supporting businesses in their ability to send money internationally, quickly and securely. We value our ongoing relationship with Paysafe by offering Mastercard Send as part of the suite of payment solutions available via Paysafe's single API connection."

Paulette Rowe, CEO of Integrated and Ecommerce Solutions at Paysafe, said:"Mastercard Send offers a truly fast and reliable outgoing fund settlement option, so we are pleased to offer this innovation to our merchants. As part of our customer-centric approach and deep expertise in specialised industries, we understand the pressures our merchants face in offering customer payouts at speed. By offering Mastercard Send we are further enhancing the tailored approach which we provide to businesses internationally as well as delivering multiple methods of payment."

With over 20 years of online payment experience, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world. Earlier this month, the company has partnered with APEXX Global, the multi-award-winning global payments orchestration platform, to offer Paysafe's payment processing services to APEXX Global's merchant base.