Mastercard names first 16 tech partners in its Send Partner Program

Mastercard has announced the first 16 technology partners to join the Mastercard Send Partner Program, which allows banks, financial technology providers and system integrators to deliver more convenient and secure real-time digital payments to their customers. The programme allows providers to embed end-to-end real-time payments into their customer journeys using Mastercard Send.

Mastercard Send enables people and organisations to send and receive money in real-time around the world. Use cases range from paying out emergency relief funds and insurance disbursements to on-demand wages for gig economy workers.

The initial partners to join the programme are Adyen, AptPay, Checkout.com, Cognizant, Fenige, Green Dot, Ingo Money, KyckGlobal, Opentech, OpenText, Oracle, PayPal, Stripe, TabaPay, Transcard and Verestro. More partners will be announced throughout 2022.

Partners will be provided with turnkey resources and additional benefits to facilitate world-class digital payment experiences including:

- Go-to-market collaboration – supported with business and sales enablement through referral agreements, as well as participating in additional sales and marketing opportunities.

- Training and insights – access to industry insights and training sessions to help make informed business decisions. They can also participate in regional forums with insight from Mastercard and partners around value and product propositions as well as market priorities.

- Technical support – end-to-end technical, solution and product support.

- Industry expertise and positioning – access to Mastercard’s product and market expertise as well as benefitting from its scale and speed-to-market capabilities.

- Mastercard Engage – qualified partners will be invited to join the Mastercard developers' global partner network, Engage, to bundle products and services so they are better equipped to meet customers’ needs. Through the network, partners will gain access to Mastercard solutions, be connected to Mastercard customers and receive additional promotional opportunities, access to technical and product education, and use of the Engage qualification mark.

Liz Oakes, Executive VP, Send, Mastercard, said: “Payment solutions need to provide convenient options and reflect the increasingly complex global world we all live in. 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.”

Together, Mastercard and its partners will collaborate to embed real-time payments into the digital customer journey. For example, Oracle and Mastercard partnered to create Civic Assist, a solution to enable public sector organisations to disburse aid quickly, safely and securely.

Further, OpenText integrates with both Mastercard Send and Mastercard Cross-Border Services to ensure that customers and partners can quickly enable the secure exchange of digital payments globally.