Using MasterCard International's MoneySend it is possible for MasterCard and Maestro customers to conduct money transfers from card to card via mobile phone by means of an interactive voice response solution. Thereby the sender only needs to specify the recipient, its email address and/or telephone number and the amount.

More strict EU regulations

Since July 2003, banks are not allowed to charge for cross-border money transfers among EUR 12,500 more than for national money transfers. MasterCard offers it's participating banks under certain conditions the opportunity to reduce their expenses in a significant way by means of MoneySend.

Enhanced product portfolio

MasterCard's MoneySend uses the existing card networks/infrastructures infrastructures for payments between card holders. As a credit card issuer you can easily integrate MoneySend into your product portfolio without the need to establish a new infrastructure.

Several options

Analogue to VISA Direct it is possible to use MoneySend for several applications which can differ from the bank's customer groups. Whether it is worth to implement MoneySend or not, depends among other things from your target group and your internal costs.

Do you need more information on this new service? We would like to arrange a meeting in which we can survey your company-specific questions and needs.