MasterCard has now attracted up to 16 top-notch technology firms to join the Partner Programme for its instantaneous money movement technology, MasterCard Send. This technology is a part of the card scheme’s multi-rail proposition, and it lets people and organizations send and receive money across both card and real-time payments rails.
The first partners to join this program are Green Dot, Ingo Money, KyckGlobal, Fenige, Adyen, AptPay, Checkout.com, Cognizant, PayPal, Stripe, TabaPay, Opentech, OpenText, Oracle, Transcard, and Verestro.
As part of this program, they will get offered a suite of turnkey resources to help in boosting adoption, offer technical support, cover training, and go-to-market collaboration. The partners will also get invited to join the MasterCard Developers global partner network, Engage, from where they can bundle products and services and gain some access to MasterCard clients.
EVP for Send at Mastercard, Liz Oakes, said that the number of use cases continues to grow across gaming, healthcare, crypto wallet cashouts, and B2B payments, ranging from paying out some emergency relief funds and insurance disbursements to on-demand wages for the gig economy workers.
“Our Send Partner Programme will ensure our partners have the ongoing support they need to embed real-time payment services into the heart of their product offering. We are excited to be supporting our initial 16 partners and look forward to welcoming more to the Programme over the coming months.”