Malta-based fintech FinXP announced that its strategic collaboration with Mastercard has led to an innovative cross-border payment solution, named FinXP PLUS. By leveraging Mastercard’s network, FinXP shall be providing its global client base with “unparalleled access to a new range of payment possibilities”.
FinXP PLUS is set to modernise cross-border payments in iGaming by providing a proprietary platform that facilitates secure transactions to over 100 countries, supporting multiple currencies, including USD, GBP, EUR, CAD, CHF, TRY, PLN, SEK, DKK, NOK, PHP, COP, and more. One of the standout features of the service is its support for multi-channel transfers, empowering operators to make payouts to bank accounts, cards, e-wallets, as well as cash-out locations. This versatility ensures that clients have the flexibility required to adapt to different payment preferences around the world.
The new service integrates with FinXP’s best-in-class Euro IBAN service called IBAN4U, which provides dedicated corporate accounts complemented with Mastercard debit cards. Therefore, FinXP PLUS users shall benefit from a comprehensive account solution enabling them to receive payments, make payouts, as well as use their funds via a physical debit card.
“Our latest collaboration with Mastercard reinforces our commitment to offer merchants with a seamless payment experience, that means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform,” said Jens Podewski, co-founder and CEO of FinXP. “We are very excited about launching the new service especially since it offers so many payout capabilities in just a single solution. Of course this would not have been possible without partnering with a payments leader like Mastercard.”
Peter Robejsek, country manager at Mastercard added “our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payments experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location.”
The launch of FinXP PLUS represents a significant step forward in cross-border payments for several industries. FinXP and Mastercard “look forward to transforming the way businesses conduct international transactions, facilitating the growth of global commerce.”
GREF is a forum for European gaming regulators, serving as a meeting place and exchanges of views between its members
The new service will handle a variety of currencies, with payments being made in over 100 countries around the globe
Olga is tasked with working closely with the company’s existing partner network, as well as landing further agreements with operators in key regulated regions