logo
Plus   Neg
Share
Email

Mastercard, PayPal Extend Instant Transfer To Singapore & Europe

Mastercard Inc. (MA) and PayPal Holdings Inc. (PYPL) announced Tuesday that they have extended instant transfer feature 'Mastercard Send' to Mastercard cardholders in Singapore and a number of European countries, following the success in the U.S.

Mastercard Send is an application that leverages the card network infrastructure to facilitate the secure availability of funds in real-time. With Mastercard Send, PayPal users can transfer their account balances to eligible Mastercard cards seamlessly and conveniently, typically within seconds.

PayPal will launch its Instant Transfer with Mastercard Send in Singapore followed by multiple European markets.

The service, which was initiated in 2017 in the U.S., has allowed millions of Mastercard cardholders to transfer their PayPal balances to an eligible Mastercard card.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Tesla Motors Inc. (TSLA) slipped 5% in extended trading session on Wednesday after the luxury electric car maker reported a profit for the fourth quarter that fell short of Wall Street analysts' estimates. Palo Alto, California-based Tesla reported fourth-quarter profit of $270 million or... Walmart said it plans to scale the number of stores that will also serve as local fulfillment centers, noting that its customers love the speed and convenience of pickup and delivery. According to the retail giant, dozens of stores will become local fulfilment centers, with many more to come later. A portion of these stores will be converted into automated warehouses. Apple topped Amazon and Google to become the world's most valuable brand for the first time since 2016 after its brand value jumped 87 percent to $263.4 billion, according to the Brand Finance Global 500 2021 ranking by Brand Finance, a brand valuation consultancy. Amazon is in the second position with a brand value of $254.2 billion, and Google came third with a valuation of $191.2 billion.
Follow RTT