Payment PlatformPayfare will integrate with Mastercard Send

PRNewswire PRNewswireJune 24, 20213 min

Payfare (TSX: PAY) today announced that it will integrate Mastercard Send™ into Payfare’s financial technology platform, expanding real-time payment options for the gig economy. Payfare, who powers digital banking and instant payout solutions for some of the world’s largest on-demand platforms will leverage Mastercard’s full-service disbursements and person-to-person platform to further its mission in supporting financial inclusion for all gig workers and offer a differentiated payment experience.

Mastercard Send allows people and organizations to send and receive money how, where and when they choose. With Mastercard Send, Payfare can send gig worker earnings payouts to virtually all consumer and small business debit cards in the United States and other countries. Gig workers will also be able to send domestic and international money transfers in the Payfare-powered digital banking apps.

“We are thrilled to add Mastercard Send capabilities to our existing payout and digital banking solutions,” said Marco Margiotta, CEO and Founding Partner of Payfare. “This partnership will open up new revenue streams for Payfare while providing more choice for our corporate clients and cardholders.”

“As we continue to watch the pace of change accelerate around digital payments, it’s become clear that waiting days to receive a payment is no longer working,” said Chiro Aikat, Executive Vice President, North America Products & Innovation at Mastercard. “Through the integration of Mastercard Send, Payfare can now better meet the needs of the gig and independent economy by offering greater choice and efficiency.”

For more such Updates Log on to Follow us on Google News Fintech News



Leave a Reply

Your email address will not be published. Required fields are marked *

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications

FintecBuzz, 2021 © All Rights Reserved