Mastercard Expands Cross-Border Remittances Partnership with Alipay

By
Mikhail Ivanov
1 min read
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Mastercard Inc. has strengthened its cross-border remittances reach by expanding its partnership with Alipay, the mobile-payments super-app backed by Ant Group Co. This agreement enables consumers to receive money in their digital wallets in near real-time, significantly enhancing the accessibility and speed of cross-border transactions. With Alipay catering to over a billion consumers in China, this collaboration is poised to have a significant impact on the remittance landscape.

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