{"id":65188,"date":"2024-06-24T15:01:47","date_gmt":"2024-06-24T12:01:47","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=65188"},"modified":"2025-04-16T10:03:11","modified_gmt":"2025-04-16T08:03:11","slug":"mastercard-move-collaborates-with-urpay-to-enable-convenient-and-secure-cross-border-payment-services","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2024\/06\/24\/mastercard-move-collaborates-with-urpay-to-enable-convenient-and-secure-cross-border-payment-services\/","title":{"rendered":"Mastercard Move collaborates with urpay to enable convenient and secure cross-border payment services"},"content":{"rendered":"\n

Agreement will see Mastercard and urpay work together to empower consumers with access to leading cross-border and remittances services through urpay digital wallet<\/mark><\/strong><\/em><\/p>\n\n\n\n

As part of its mission to connect and power an inclusive digital economy, Mastercard <\/a><\/strong>has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an advanced selection of cross-border payment solutions.\u00a0<\/p>\n\n\n\n

The collaboration will contribute to the digital transformation of the Saudi financial services sector, in line with Vision 2030. Leveraging Mastercard\u2019s full portfolio of money transfer capabilities \u2014Mastercard Move \u2014 and leading-edge tech, urpay will empower its expansive customer base with access to the global technology company\u2019s cross-border and remittances services.<\/p>\n\n\n\n

Mastercard Move is Mastercard\u2019s portfolio of money movement capabilities powering a variety of payment experiences \u2014 including person-to-person payments, business payments and disbursements. <\/p>\n\n\n\n

The portfolio includes Mastercard Cross-Border Services and Mastercard Send. <\/p>\n\n\n\n

Utilizing these innovative products, urpay will provide consumers more added value and benefits of the Mastercard Cross-Border Services.<\/p>\n\n\n\n

As a result of the agreement, urpay customers will be enabled to take full advantage of products and offerings \u2014 including cash pick up, bank deposit and digital wallet transfers \u2014 that cater to their preferences.<\/p>\n\n\n\n

Providing greater convenience and added peace of mind, the collaboration between Mastercard and urpay will also advance financial inclusion and create an even more accessible digital economy by supporting urpay customers to make international payments to over 180 countries worldwide. <\/p>\n\n\n\n

These services will be provided through urpay digital wallet.<\/p>\n\n\n\n

\u201cToday, more so than ever, people and businesses around the world are crossing international divides and boundaries with the push of a button. Our cross-border services are fully geared towards doing exactly that. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Together with urpay, we aim to empower consumers across the Kingdom to make more secure and straightforward international payments through our diverse selection of offerings,\u201d said Adam Jones, EVP and Division President, West Arabia, Mastercard.<\/strong><\/p>\n\n\n\n

\u201cWe are motivated by the prospect of bolstering the Saudi financial sector and priming it for long-term success,\u201d said Abdullah Alibrahim,<\/strong> <\/strong>CEO, neoleap<\/strong>. \u201cWe have set about doing that through the development of comprehensive, integrated services that empower consumers to complete their financial transactions with ease. <\/p>\n\n\n\n

We are working with Mastercard to deliver even more state-of-the-art propositions that meet our customers\u2019 demands and accelerate the digital transformation of Saudi financial services.\u201d<\/p>\n\n\n\n

As one of the leading proponents of digital transformation in Saudi Arabia, urpay is fully committed to advancing financial inclusion by pioneering a versatile and accessible array of solutions that make consumers\u2019 financial transactions safe, straightforward, and seamless. <\/p>\n\n\n\n

The transformative fintech has acquired more than five million customers in less than two years.<\/p>\n\n\n\n

urpay\u2019s agreement with Mastercard extends both entities\u2019 goal of creating a thriving digital economy.  The launch of their strategic collaboration speaks to the growing demand for modern offerings that cater to citizens\u2019 and residents\u2019 preferences, with consumers increasingly looking for ways to send money across the globe quickly and securely.<\/p>\n\n\n\n

According to Mastercard\u2019s latest Borderless Payments<\/a> research, three-quarters of consumers would like access to faster international payments, while one in three consumers want a greater choice of payout options to accommodate recipients\u2019 preferences.\u00a0\u00a0<\/p>\n\n\n\n

With its wide range of money transfer solutions, Mastercard Move caters to these consumer needs and ensures more people can access quick, reliable payments how and where they choose.<\/p>\n","protected":false},"excerpt":{"rendered":"

Agreement will see Mastercard and urpay work together to empower consumers with access to leading cross-border and remittances services through urpay digital wallet As part of its mission to connect and power an inclusive digital economy, Mastercard has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an …<\/p>\n","protected":false},"author":2,"featured_media":65189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[],"class_list":["post-65188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nMastercard Move collaborates with urpay to enable convenient and secure cross-border payment services - Gulf Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2024\/06\/24\/mastercard-move-collaborates-with-urpay-to-enable-convenient-and-secure-cross-border-payment-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mastercard Move collaborates with urpay to enable convenient and secure cross-border payment services - 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