Mastercard Send expands by partnering with Checkout.com and Young Platform

Mastercard announced the expansion of Mastercard Sendthe platform that allows consumers to make instant financial transfers to payment cards around the world. The expansion of Mastercard Send is the result of the ongoing collaboration between Mastercard, the e-commerce platform Checkout.com and the Italian cryptocurrency exchange Young Platform.

Mastercard Send expands in Italy

Presented on the occasion of Money 20/20 Europethe collaboration between Mastercard, Checkout.com and Young Platform will make available to users of its digital currency wallet, Mastercard Send.

Through the integration of the Mastercard Send solution, Checkout.com has enabled Young Platform to expand your withdrawal options available to its customers. Users can now leverage this solution for receive funds in real time on their card; at the same time, they can use them at all Mastercard acceptance points around the world.

The launch of this new use case responds to the deep digitization process we are experiencing, where we expect to transfer funds around the world in real time and through the channel of your choice. In this context, digital currencies such as cryptocurrencies they are proving increasingly popular.

According to what was revealed by a recent Mastercard observatory, in fact, about 51% of our compatriots has increased the use of cryptocurrencies in recent months. Michele CentemeroCountry Manager Italy of Mastercard, said:

Payment tools reflect an increasingly digital lifestyle of consumers, and must respond to constantly evolving needs. The partnership with Checkout.com and Young Platform, of which we are deeply enthusiastic, will therefore allow us to further expand Mastercard’s multi-rail strategy in Italy; this will allow us to provide users with greater choice in terms of payment channels, without ever compromising flexibility and security.

Our strategy is in fact designed to guarantee constant value and satisfy consumer expectations.

Available in over 100 markets around the world, the Mastercard platform offers consumers speed, choice e flexibility in terms of payment channels to be used, without ever giving up security and control. For more information on the platform, you can consult the official site.