Mastercard Send Partner Program signs up 16 initial partners

Adyen, Checkout.com and PayPal are among the first 16 technology partners to join the Mastercard Send Partner Program, which aims to help them deliver real-time digital payments to their customers.

The new program has been created by Mastercard to enable banks, fintechs and system integrators to embed end-to-end real-time payments into their customer journeys using Mastercard Send.

Mastercard Send provides individuals and businesses with a means to send and receive money in real-time, at home and abroad.

The other initial partners to join the program are AptPay, Cognizant, Fenige, Green Dot, Ingo Money, KyckGlobal, Opentech, OpenText, Oracle, Stripe, TabaPay, Transcard and Verestro.

Mastercard confirmed that it will announce more partners throughout 2022.

Program partners will be provided with a number of resources and benefits by Mastercard to be able to facilitate digital payments, including support with business and sales enablement through referral agreements, training and insights, technical support, as well as access to Mastercard’s product and market expertise.

In addition, partners will be invited to join the Mastercard Developers global partner network, ‘Engage’, giving them access to technical and product education, and use of the ‘Engage’ qualification mark.

Liz Oakes, executive vice president, Send, Mastercard, said: “Consumers expect speed, choice and security wherever they interact, so offering convenient, innovative ways to pay and get paid is essential.

“Our Send Partner Program will ensure our partners have the ongoing support they need to embed real-time payment services into the heart of their product offering and provide millions more people with secure, convenient and faster ways to pay and get paid.”

In 2021, Mastercard acquired European Open Banking technology provider Aiia, as it sought to expand its Open Banking reach.

Aiia offers a direct connection to more than 2,700 banks across Europe through a single API.