Mastercard and Paysafe boost collaboration with integration of Mastercard Send

Jun. 28, 2022 4:42 AM ETPaysafe Limited (PSFE), PSFE.WS, MABy: Meghavi Singh, SA News Editor3 Comments

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  • Mastercard (NYSE:MA) and Paysafe (NYSE:PSFE) reported on Tuesday the integration of Mastercard Send into Paysafe’s payments platform, enhancing the payout capabilities offered to Paysafe’s merchant customers in the UK and EU.
  • It is the latest extension of the ongoing global relationship between the two companies which supports multiple Paysafe products and services.
  • Mastercard Send enables people and organizations to send and receive money around the world in near real-time.
  • The integration also supports merchants who have experienced changing consumer payment preferences since the beginning of the pandemic.
  • Through the alliance, merchants will also be provided with automatic reconciliations plus transaction data along with customizable reports.

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