{"id":40837,"date":"2023-04-12T18:43:41","date_gmt":"2023-04-12T15:43:41","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=40837"},"modified":"2026-03-28T03:06:32","modified_gmt":"2026-03-28T00:06:32","slug":"mastercards-cross-border-services-express-helps-modernize-international-payments","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/mastercards-cross-border-services-express-helps-modernize-international-payments\/","title":{"rendered":"Mastercard\u2019s Cross-Border Services Express helps modernize international payments"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em>Enables access to over 100 markets covering 90% of the world\u2019s population with simple integration<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong>Riyadh, Saudi Arabia \u2013 April 12, 2023:<\/strong>&nbsp;Today, Mastercard introduced Cross-Border Services Express, a new tool that enables financial institutions to seamlessly set up international payments for their customers, including consumers and small and medium sized enterprises (SMEs), which have a strong need for improved cross-border payment capabilities. Increasingly, consumers and businesses are looking for ways to send money or pay vendors across the globe quickly and securely. Cross-Border Services Express delivers that completely in a digital-first experience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The service complements Mastercard\u2019s Cross-Border Services offering. It works using a customizable and easy-to-implement digital overlay, while also provides additional tools to meet compliance and regulatory requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s our goal to provide choice, access, and transparency for payments across borders,\u201d said Alan Marquard, Executive Vice President, Transfer Solutions at Mastercard. \u201cWith a simple, turn-key integration, Cross-Border Services Express levels the playing field and provides small and mid-tier banks, including credit unions and community banks, with the same international payments features regardless of their size and scale.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With Mastercard\u2019s Cross-Border Services, participating financial institutions can offer their customers international payments in more than 60 currencies to over 100 markets covering 90% of the world\u2019s population. The service offers users flexibility in how they pay by delivering funds to bank accounts, mobile wallets, cards, and cash payout locations with full transparency and predictability over transaction status and delivery time. With Cross-Border Services Express, financial institutions can now get to market faster, reduce transaction risk, and deliver the modernized payment experience that consumers and SMEs seek when making international payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard is collaborating with leading fintechs Fable FinTech and Payall Payment Systems to deliver this light-touch, quick-to-market solution through a seamless user interface that meets customers\u2019 increasing expectations for digital experiences.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Digital payments are seeing strong growth with three-quarters of consumers who send and receive cross-border payments doing so through mobile apps, according to\u00a0<a href=\"https:\/\/www.mastercard.com\/news\/insights\/2022\/borderless-payments\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mastercard\u2019s 2022 Borderless Payments Report<\/a>. However, many challenges still exist around transparency and costs. Additionally, 39% of SME respondents said that cross-border payments slow their supply chain and one quarter reported that suppliers had refused to work with them because of uncertainty over payment times.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;For small and medium enterprises, it\u2019s important to keep money flowing,\u201d said Jane Prokop, Executive Vice President, Small and Medium Enterprises at Mastercard. \u201cCross-Border Services Express will enable financial institutions to meet SMEs\u2019 needs for an efficient and digital cross-border payments solution they can count on to pay employees, suppliers, and partners fast and with full predictability.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on Mastercard\u2019s Cross-Border Services please visit:\u00a0<a href=\"https:\/\/b2b.mastercard.com\/cross-border-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/b2b.mastercard.com\/cross-border-services\/<\/a>\u00a0<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia \u2013 April 12, 2023:&nbsp;Today, Mastercard introduced Cross-Border Services Express, a new tool that enables financial institutions to seamlessly set up international payments for their customers, including consumers and small and medium sized enterprises (SMEs), which have a strong need for improved cross-border payment capabilities. Increasingly, consumers and businesses are looking for ways [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":30530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-40837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cross-Border Services Express - Modernize Payments | | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Cross-Border Services Express helps institutions modernize international payments with simple integration across 100+ markets. 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