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PXP Financial partners with Mastercard and Payall on cross-border payments

Crispus Nyaga
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Crispus Nyaga
2 minutes
March 20th, 2023
PXP Financial partners with Mastercard and Payall on cross-border payments
  • PXP Financial announced its collaboration with Mastercard and Payall
  • The resultant payment capabilities will have the firm's customers send cash in an efficient, safe, and convenient manner

PXP Financial announced on Friday of its collaboration with Mastercard and Payall. The partnership is aimed at delivering safe, compliant, and efficient cross-border payments and international money transfers.

PXP Financial’s partnership

PXP Financial’s latest partnership is with Mastercard, a global technology firm, and Payall, a payments infrastructure provider. The resultant inclusive payment capabilities will allow PXP Financial’s customers to send cash in an efficient, safe, and convenient manner. For instance, recipients will enjoy inclusive payout options even if they are unbanked.

Following the collaboration, PXP Financial will work with Payall in opening additional destinations and payment channels. Among the eyed channels are cash pickup locations, direct payments to cards, and transfer of funds to mobile wallets.

Notably, the two firms have been working together since 2022. PXP Financial selected the firm for the excellent experience that end users enjoy as well as its keenness on payments’ safety and compliance.

With regard to the partnership, PXP Financial’s CEO, Kamran Hedjri, “We’re delighted to be working with Payall and Mastercard to facilitate cross-border payments, which have traditionally been slow, cumbersome, and risky for both payers and financial institutions. By leveraging Payall’s proprietary compliance tech and Mastercard’s innovation moving funds globally, we are now able to offer our customers speedy, safe, and simple access to international payments”.

Payall’s CEO, Gary Palmer, and Mastercard’s SVP, Rasika Raina concurred with these remarks.

Mastercard serves both businesses and individuals by providing a convenient and safe way to send cash to cash payout locations, mobile wallets, cards, and bank accounts in different parts of the world. Its services are enjoyed by about 90% of the world’s population in over 100 markets. At the same time, Payall offers a unique model to financial institutions globally to provide cross-border payments.

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Crispus Nyaga
Crispus Nyaga is a distinguished financial analyst with over nine years of industry experience, specializing in the stock market, forex, equities, and commodities. His insightful analysis has been featured by prominent financial brands, showcasing his deep understanding of market dynamics. As an active trader managing his family's investments, Crispus combines practical trading acumen with analytical expertise.