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    News in brief

    MasterCard launches P2P payments service

    News in brief

    MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account. “Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, located domestically or abroad,” the company says. “This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts and via cash agent outlets.”

    Filed by Email Rian Boden Published • Last updated 20 May 2015, 14:19

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