NAXXAR, Malta — FinXP has partnered with Mastercard to introduce a cross-border payment solution, FinXP PLUS.
A rep for the European payments and banking solutions provider stated that “by leveraging Mastercard’s cross-border services, FinXP shall be tapping into the extensive Mastercard network, thereby providing its global customer base with unparalleled access to a new range of payment possibilities.”
FinXP PLUS’ proprietary platform, the rep continued, “facilitates secure transactions to over 100 countries, supporting multiple currencies, including USD, GBP, EUR, CAD, CHF, TRY, PLN, SEK, DKK, NOK, PHP, COP, among others.”
The service features support for multichannel transfers, enabling merchants to make payouts to bank accounts, cards, e-wallets and cash-out locations.
“This versatility ensures that clients have the flexibility required to adapt to different payment preferences around the world,” the rep added. “The launch of FinXP PLUS represents a significant step forward in cross-border payments for several industries. FinXP and Mastercard look forward to transforming the way businesses conduct international transactions, facilitating the growth of global commerce.”
The new service integrates with FinXP's Euro IBAN service, IBAN4U, which provides dedicated corporate accounts complemented with Mastercard debit cards.
“Therefore, FinXP PLUS users shall benefit from a comprehensive account solution enabling them to receive payments, make payouts, as well as use their funds via a physical debit card,” the rep noted.
FinXP co-founder and CEO Jens Podewski said, “Our latest collaboration with Mastercard reinforces our commitment to offer merchants a seamless payment experience. That means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform. We are very excited about launching the new service, especially since it offers so many payout capabilities in just a single solution. Of course, this would not have been possible without partnering with a payments leader like Mastercard.”
COO Chris Denny added, “Through this new service, we are able to present a much stronger value proposition, not just to our current clients but also in new markets that we are entering such as international remittance, travel and marketplaces.”
Mastercard Country Manager Peter Robejsek said, ”In the current climate, having fast, reliable access to funds at a reasonable cost has never been more crucial. Our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payments experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location.”
For more information, visit FinXP.com.