Mastercard enables faster remittances during pandemic – ZAWYA

Mastercard enables faster remittances during pandemic – ZAWYA

Mastercard enables faster remittances during pandemic | ZAWYA MENA Edition HomeBusinessFinancial ServicesArticleMastercard enables faster remittances during pandemic These cross-border payments can reach almost anywhere in the world    With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.Furthermore, these cross-border payments can reach almost anywhere in the world with certainty and predictability, and without back-end charges. Mastercard's platform plays a key role in improving world-wide connectivity, by providing new and enhanced innovation across the global digital ecosystem.Mastercard has been enabling people in the Mena region to go online to transfer money faster and more securely than previously possible during unprecedented lockdown in recent times as a result of the Covid-19 pandemic.Furthermore, these cross-border payments can reach almost anywhere in the world with certainty and predictability, and without back-end charges. Mastercard's platform plays a key role in improving world-wide connectivity, by providing new and enhanced innovation across the global digital ecosystem.With countries adapting to the new normal, advanced digital banking services have become more important than ever, as social distancing is still encouraged across several countries in the MEA region. There is an increased need to modernize traditional