Mon, 30 Jan 2023 Today's Paper

TransferWise and Mastercard expand their global partnership

8 September 2020 03:15 pm - 0     - {{hitsCtrl.values.hits}}

A A A

Mastercard and TransferWise have announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed for its multi-currency borderless account.

Mastercard has built a strong partnership with TransferWise, working with the global technology company since the issuance of its first debit card in Europe in 2018. Since then, TransferWise has issued more than 1 million Mastercard cards globally.

In Asia Pacific, TransferWise now partners with Mastercard in Singapore, Australia and New Zealand, with Japan due to launch later this year. The expansion of the relationship will allow a route to market in nearly all countries around the region. 

TransferWise has a vision for its multi-currency borderless account to replace expensive, old world international banking for its audience of expats, freelancers, businesses and travelers. Its customers are increasingly using the borderless account as an international banking alternative, with new features including direct debits and instant international payments to friends. 

The Mastercard and TransferWise teams have also worked collaboratively to enable Apple and Google Pay, Fitbit and Garmin Pay for all TransferWise cards.

In addition to card issuance, by leveraging Mastercard Send™ TransferWise has launched the capability for TransferWise account holders to be able to send money in near-real time* to any Mastercard card in European countries including Spain, Romania, Bulgaria, Czech Republic, Hungary, Poland, Ukraine, Georgia, Croatia and Russia. 

“We’re focused on our mission to make moving money around the world faster, cheaper and easier for everyone, everywhere, including right here in Asia Pacific,” said Venkatesh Saha, Head of APAC & Middle East Expansion, TransferWise. “To date over 1 million debit cards have been issued to people wanting to make the most of what our borderless accounts have to offer. We’re excited to continue and build upon our partnership with Mastercard and look forward to bringing this service to Japan later this year.”

“In a region with rapidly growing cross border e-commerce, Mastercard is proud to collaborate with TransferWise to provide a multi-currency debit card solution for consumers and small businesses in Asia Pacific to make easy, cost-effective and transparent foreign currency purchases,” said Rama Sridhar, Executive Vice President, Business Development, Digital and Emerging Partnerships, New Payment Flows, Asia Pacific, Mastercard.

“Through Mastercard’s Fintech Express, TransferWise has been able to rapidly leverage Mastercard’s capabilities, expertise and network to strengthen and expand its card capabilities across the world. This is a model example of how partnerships across the payments ecosystem unlock new financial possibilities for people and businesses.” 

Mastercard is the partner of choice for the top fintech brands worldwide and is testament to their strategy of working with fintech partners from their inception. Last year it launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialized programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their growth and transformation, from market entry to global expansion.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick