Checkout.com has teamed up with Mastercard Move to streamline money transfers and payouts for individuals and businesses in the UAE.
By integrating Mastercard Move’s money movement solutions, Checkout.com will allow its customers to send funds directly to Mastercard cards.
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This development will support a variety of use cases, including salary payouts for gig workers, insurance disbursements, wallet cashouts, and refunds.
CFI Financial Group, an online trading provider, is one of the first company to adopt the Mastercard Move capabilities through Checkout.com.
Mastercard EEMEA commercial and new payment flows Mete Guney said: “At Mastercard, we are dedicated to leading the digital transformation in the markets we serve, and our collaboration with Checkout.com is a significant step towards delivering innovative payment solutions for both consumers and businesses.
“Together we will set a new standard for payment technologies in the region, enabling faster, more secure payment flows that meet the evolving needs of our customers.”
Checkout.com MENA general manager Remo Giovanni Abbondandolo stated: “Mastercard is our trusted partner in modernising the payment ecosystem worldwide, and we are delighted to enhance the relationship through our integration with Mastercard Move. This collaboration will strengthen our offerings and position us at the forefront of digital payment innovation in the region.”
This move builds upon a previous collaboration between the companies in May 2024, which introduced virtual cards to travel agents in supporting online travel agencies (OTAs) and other travel sector businesses involves in B2B payments with cards.
Mastercard Move is designed to enhance various payment experiences, including person-to-person transactions, business payments, and disbursements.
The service extends across 180 countries and supports over 150 currencies.
Earlier this month, Mastercard launched Mastercard One Credential, a unified digital payment solution offering consumers multiple payment options.
