Pecunpay Implements Mastercard Send Service, Enables Instant Transfers and Payments

Pecunpay, trademark of the E-money institution Pecunia Cards EDE, specialised in innovative payment and E-money processing solutions, today announces that it is enabling money transfers and instant payments to Mastercard cards worldwide through Mastercard's Send service. Pecunpay becomes the first bank in Spain to implement this service.

The Mastercard Send service platform enables secure, near real-time payments to Mastercard cards around the world. In this way, users improve their money transfer options, being much faster and with a noticeable improvement in the user experience.

All Pecunpay customers will be able to benefit from the Mastercard Send service through the implementation of the API that PecunPay will make available, enabling access to 2 million accounts. These accounts will be able to send money immediately, as well as instant payments, anywhere in the world and with the security offered by the Mastercard solution.

The Mastercard Send service is part of the commercial and services strategy that Pecunpay is implementing, which includes: instant money transfers, travel insurance, life insurance and others, incentive and loyalty programmes, improvement in the management of communications and notifications, cash transactions and, of course, the possibility of digitising cards for mobile payment through Apple Pay and Google Pay. In addition, new deferred payment products through BNPL entities are expected in 2022.