Remittance company ACE Money Transfer has partnered with Mastercard Move, a suite of domestic and international money movement solutions, to facilitate real-time money transfers for its customers.
This collaboration will enable ACE customers in the UK, Australia, Canada, and Europe to send funds to countries such as India, Norway, Denmark, Sweden, and others within the single euro payments area (SEPA) using Mastercard cards.
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Through Mastercard Move’s capabilities, users can access multiple payout options, including bank accounts, cards, mobile wallets, or cash, with the choice of six payout currencies such as Euros and Indian Rupees.
ACE Money Transfer CEO Rashid Ashraf said: “Our collaboration with Mastercard reflects our dedication to providing fast, reliable, and secure money transfer services. Together, we aim to foster access to essential financial services, helping communities grow through meaningful connections.”
Mastercard Europe head of commercial & new payment flows Tulsi Narayan added: “Millions of people and communities around the world rely on remittances from friends and family working overseas to help meet their financial needs, whether that’s food, housing, or education. We’re committed to bringing ease, speed and security to the remittance experience for our customers, and through this collaboration we’re doing just that.”
ACE, with a customer base of over 1.3 million, offers money transfer services to over 100 receiving countries with offices in the UK, Europe, Australia, Pakistan, and Bangladesh.
Mastercard Move is known for offering secure money transfer solutions to direct disbursers, banks, non-bank financial institutions, and their customers, with a reach spanning over 180 countries and supporting more than 150 currencies.
Last week, Mastercard introduced One Credential, a single, digitally connected payment solution that allows consumers to pay in multiple ways.
