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Triple-A is expanding its cross-border remittance network through a partnership with Mastercard.
The company has integrated Mastercard Move into its remittance-as-a-service platform to support faster international payouts for banks, fintech firms and telecom operators.
The move enables European financial institutions to launch global remittance services with near real-time settlement and improved liquidity management.
Banks in the Middle East, Africa and Latin America can also use Triple-A’s infrastructure to facilitate remittance flows from Europe to key home markets.
Triple-A, a licensed global payment institution, said the collaboration marks another step in its continued expansion in Europe.
Mastercard Move provides cross-border money movement solutions that connect banks and payment providers across multiple markets.
Eric Barbier
Eric Barbier, Founder & CEO of Triple-A, said,
“This collaboration with Mastercard is a natural extension of our mission to simplify global payments.
Together, we’re unlocking new levels of interoperability and trust in the cross-border space, offering banks, fintech and telecom service providers with fast and efficient payment solutions to key remittance corridors.”
Tulsi Narayan
Tulsi Narayan, EVP, Commercial & New Payment Flows Europe, at Mastercard said,
“This collaboration expands access to Mastercard Move’s cross-border payment solutions, enabling European banks, fintechs, and telecom providers to launch global remittance services while helping Middle East and Africa banks connect with diaspora communities.
Together, we’re making it easier for people to support loved ones back home, securely, quickly, and with confidence.”
Featured image: Edited by Fintech News Singapore, based on image by isaac1112 via Freepik
