Mastercard's Partnership With Alipay Connects Digital Wallets to Cross-Border Payments

Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows cheaper, faster and more convenient.Earlier this month, Mastercard announced a new connection with China’s Alipay, which enables bank, FinTech and corporate clients to offer customers a connection to an e-wallet that has more than 1 billion users. Marquard noted that although sending money across borders ...