{"id":559566,"date":"2024-06-26T07:35:22","date_gmt":"2024-06-26T06:35:22","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=559566"},"modified":"2024-06-26T07:35:22","modified_gmt":"2024-06-26T06:35:22","slug":"mastercard-urpay-partner-to-boost-cross-border-payment-services","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/mastercard-urpay-partner-to-boost-cross-border-payment-services\/","title":{"rendered":"Mastercard & urpay partner to boost cross-border payment services"},"content":{"rendered":"

\"Urpay,Mastercard has signed a strategic agreement with urpay<\/a>, a digital wallet powered by neolaep, to offer urpay consumers across Saudi Arabia access to a wide range of cross-border payment solutions.<\/p>\n

The agreement aligns with Mastercard\u2019s<\/a> objectives to drive digital transformation across the Kingdom\u2019s financial services sector.<\/p>\n

Under the partnership, urpay will leverage Mastercard Move\u2019s products and offerings to secure more added value and benefits for its customer base.<\/p>\n

The collaboration will also bolster financial inclusion by enabling urpay’s customers to make international payments to over 180 countries worldwide. These services will be made available through urpay digital wallet.<\/p>\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. 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

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

\u201cWe are motivated by the prospect of bolstering the Saudi financial sector and priming it for long-term success,\u201d said Abdullah Alibrahim, 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. 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","protected":false},"author":35737,"featured_media":534108,"parent":0,"template":"","categories":[42764,11384],"tags":[43933,11409,12741,11515,11727,45671,44130,25477,25133,45478,13725,34031],"class_list":["post-559566","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-payments","category-payments","tag-cross-border-payment-solution","tag-digital-transformation","tag-digital-wallet","tag-fintech","tag-mastercard","tag-mastercard-cross-border-service","tag-mastercard-move","tag-mastercard-send","tag-money-movement","tag-neoleap","tag-saudi-arabia","tag-urpay"],"acf":[],"yoast_head":"\nMastercard & urpay partner to boost cross-border payment services<\/title>\n<meta name=\"description\" content=\"Mastercard has signed an agreement to offer urpay consumers across Saudi Arabia a wide range of cross-border payment solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/mastercard-urpay-partner-to-boost-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 & urpay partner to boost cross-border payment services\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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