Bank of Montreal to use Mastercard Send for cross-border payments

|About: Bank of Montreal (BMO)|By:, SA News Editor

Bank of Montreal (NYSE:BMO) will implement Mastercard Send for faster, more cost-effective international payments services to its Canadian-based business and commercial banking clients.

The partnership with Mastercard (NYSE:MA) will initially focus on bank account transfers, but will expand to include payments to mobile wallets and cards internationally.

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