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.

FinXP co-founder and CEO Jens Podewski

“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.”

Continue Reading

MGA and UKGC strengthen regulatory ties through MoU

25 October 2024
by iGamingCapital.mt

The agreement focuses on enhancing the exchange of information and intelligence between the two regulators

Catena Media announces ‘rightsizing’ of content marketing teams

23 October 2024
by Robert Fenech

Supporting the 29 individuals laid off is ‘a priority’, said the company

Malta’s Digital Nomad Visa: Combining work and a better life in the Mediterranean

16 October 2024
by Edward Bonello

Malta praised for its compelling mix of favourable policies, high living standards, and advanced technological infrastructure, in recent positive review

Relax Gaming appoints Enrico Bradamante chief growth officer

14 October 2024
by Helena Grech

His career has seen him serve as managing director at NetEnt and chief commercial officer at Aristocrat Interactive (formerly Pariplay)

See more