Building on their previous collaboration, Mastercard and Checkout.com will join forces to facilitate seamless disbursements and payouts for individuals and businesses in the UAE.
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Leveraging Mastercard Move’s money movement solutions, Checkout.com will enable its customers to send funds directly to Mastercard cards in a fast, convenient, and secure way. The collaboration will facilitate a wide range of use cases, including gig salary payouts, insurance disbursements, wallet cashouts and refunds, offering more flexibility and speed to businesses and individuals.
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CFI Financial Group, a global online trading provider, is among the first customers of Checkout.com to have adopted Mastercard Move capabilities.
“At Mastercard, we are dedicated to leading the digital transformation in the markets we serve, and our collaboration with Checkout.com is a significant step towards delivering innovative payment solutions for both consumers and businesses. Together we will set a new standard for payment technologies in the region, enabling faster, more secure payment flows that meet the evolving needs of our customers,” said Mete Guney, Executive Vice President, Commercial and New Payment Flows, Eastern Europe, Middle East and Africa, Mastercard.
“Mastercard is our trusted partner in modernizing the payment ecosystem worldwide, and we are delighted to enhance the relationship through our integration with Mastercard Move. This collaboration will strengthen our offerings and position us at the forefront of digital payment innovation in the region,” said Remo Giovanni Abbondandolo, General Manager, MENA, Checkout.com.
Mastercard Move, the technology company’s comprehensive portfolio of money movement capabilities, powers a variety of payment experiences, including person-to-person payments, business payments and disbursements. The portfolio’s reach spans 180 countries and over 150 currencies, with access to more than 95% of the world’s banked population.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
