Worldpay leverages Mastercard Move to ease money transfers in UAE

Worldpay and Mastercard have teamed up to the ease the money transfers for consumers and businesses in the United Arab Emirates (UAE).

The move will see the integration of Worldpay's Push-to-Card solution with Mastercard Move to facilitate payment transactions.

The Push-to-Card solution will allow for a range of fast payment services, including local and international transactions, covering requirements such as payments for freelance work, settlement of insurance claims, money remittances, and the processing of cryptocurrency proceeds.

Mastercard said that its security services and infrastructure will support these transactions.

Worldpay merchant country leader MEA Tausif Ahmed said: “Worldpay plays a pivotal role in shaping the future of payments globally. As one of the first acquirers in the country to enable Mastercard Move, we’re offering individuals and businesses a fast, secure, and convenient way to send and receive funds.”

Consumers can receive funds, and businesses can expect more streamlined payment processes without the need to disclose bank account details, Mastercard said in its press release.

Additionally, Worldpay merchants will be able to fund these payouts through their existing transaction flows.

The Push-to-Card solution has been previously made available by Worldpay to merchants in several regions, including the UK, EU, US, and Australia.

Mastercard market development executive vice president for EEMEA Mete Güney said: “At Mastercard, we are committed to building a digital ecosystem by providing seamless payment options that cater to diverse customer bases and use cases.

“With Mastercard Move, we’re delivering speed, security, and convenience to Worldpay’s customers in the UAE.

In June, dtcpay, a Singapore-based digital payments solutions provider, leveraged Mastercard Move to enable global money transfers for its users.

Mastercard Move offers a suite of money transfer solutions to banks, non-bank financial institutions, and their customers, including those who manage direct payouts.

The reach of this service spans over 200 countries and supports more than 150 currencies.

"Worldpay leverages Mastercard Move to ease money transfers in UAE " was originally created and published by Electronic Payments International, a GlobalData owned brand.

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