Buy2Sell, a leading E-commerce platform in Asia, announced a new strategic partnership with Mastercard.
The announcement is the result of a longstanding
relationship where Buy2Sell will enable multiple payment types to a variety of
delivery channels via a single connection through Mastercard Cross-Border
Services.
Mastercard Cross-Border Services enable financial
institutions and partners to build flexible solutions that support multiple use
cases and can reach a variety of payment endpoints nearly anywhere in the world
via a single connection.
Mastercard’s platform plays a key role in improving
world-wide connectivity and provides innovative payment applications that
enable customers with the choice to route transactions over card or
account-to-account infrastructure.
The Mastercard network supports multiple delivery channels
including bank accounts, mobile wallets, cash-out locations, and cards, as well
as different payment types such as Business-to-Business (B2B),
Business-to-Person (B2P), Person-to-Person (P2P), and Person-to-Business (P2B).
At Buy2Sell’s platform, Mastercard is a payment gateway for services such as
purchasing and logistics.
With this partnership, the Buy2Sell platform optimizes the
remittance rate for trade imports into Vietnam.
Mastercard’s cross-border payment solution provides buyers
and sellers that transact globally through the Buy2Sell platform with an easy
and safe payment solution for their purchases, via a fast, secure and traceable
cross-border payment rail.
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