UK-based international money transfer platform TransferGo has teamed up with Mastercard to enable customers across 20 European countries to make international money transfers from any payment card or bank account directly to a Mastercard debit or credit card. Using Mastercard Send, TransferGo customers may now transfer money in real-time to Mastercard cardholders in the 20 countries, which are Austria, Bulgaria, Czech Republic, Denmark, Estonia, Germany, Greece, Hungary, Latvia, Lithuania, Poland, Portugal, Romania, Russian Federation, Slovakia, Spain, Sweden, Turkey, Ukraine, and the UK.
The duo further revealed that the payment may be made from any card or bank account directly to a Mastercard card in those countries, thus giving people a simple, fast and convenient money transfer experience.
“With this new offering, customers who want to make international transfers will be able to benefit from best-in-class security standards provided both by Mastercard and TransferGo. As a licensed authorised payment institution in the UK, TransferGo is held to very strict security standards including keeping personal and financial information safe through modern security technology, including SSL encryption between its servers and the individuals’ browser. Meanwhile Mastercard’s best-in-class security tools and capabilities provides an additional layer of security for managing regulatory, financial and fraud risks.”
Speaking about the partnership, TransferGo CEO and Co-Founder, Daumantas Dvilinskas, stated:
“Our partnership with Mastercard comes at a time where this a growing need for strong international digital payments structures – something that has only accelerated during the COVID-19 pandemic. We will continue to be relentless in our support of the evolving needs of both new and existing customers as we develop and implement new technology that allows us to react fast, meet new challenges head-on and achieve new outcomes.”
Milan Gauder, Executive Vice President of Products and Innovation at Mastercard Europe, went on to add:
“Providing people with choice is at the heart of what we do here at Mastercard. Be it domestic or cross-border payments, we want to empower people to decide what method of payments best fits their needs at a particular moment. To that end we are delighted to partner with an innovative company such as TransferGo to reach millions of people around the world to benefit from a fast, safe and reliable international payment solution.”