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Digital Transformation

Mastercard and Pagero Revolutionize Cross-Border Payments for Businesses

 

Mastercard and Pagero have joined forces to introduce an integrated solution aimed at transforming cross-border and domestic payments for businesses worldwide. This collaboration integrates Mastercard’s Cross-Border Services with Pagero’s extensive global business network, enabling Pagero’s customers to access fast, transparent, and convenient payment solutions. 

Pagero, headquartered in Sweden, operates a global business network that facilitates seamless purchase-to-pay and order-to-cash processes through digital communication. With over 90 thousand businesses directly connected and a network spanning more than 14 million businesses globally, Pagero is a leader in simplifying business transactions. 

Through the integration with Mastercard’s Cross-Border Services, Pagero will expand its payment capabilities to include account-based cross-border and domestic payments, enhancing the connectivity of its payments offering to align with the reach of its extensive global network. 

Businesses leveraging this integrated solution will benefit from upfront transparency regarding delivery timing, foreign exchange rates, costs, and real-time visibility into payment status. Payments are processed near real-time or same day to most countries and currencies, enhancing efficiency and transparency in financial transactions. 

Danesh Etemadi, Chief Business Area Officer at Pagero, emphasized the significance of the collaboration, stating, “Together, Mastercard and Pagero are making cross-border business-to-business payments digital, simple, and accessible for businesses, enabling them to focus on growing their core business domestically and internationally.” 

Erik Gutwasser, Division President, Nordics and Baltics at Mastercard, highlighted the value of the partnership in empowering businesses to thrive in the digital economy. He stated, “By connecting Pagero’s platform to our global network, their customers will get access to seamless cross-border and domestic payments underpinned by the reliability of the Mastercard network.” 

Mastercard’s Cross-Border Services, a part of its international money transfer solutions, enables participating financial institutions to offer international payments to over 180 markets. With access to a global payout network encompassing over 150 currencies and 2.5 billion payment cards, businesses can transact with confidence and efficiency across borders. 

Jonas Edlund, Corporate Sponsor, and co-founder of Pagero expressed anticipation for the launch, stating, “Pagero and Mastercard have spent some time combining our joint knowledge and expertise within the payment space, and I am very excited to see the result. I look forward to this launch and a more digital and seamless business payment landscape.” 

The integration of Mastercard’s Cross-Border Services with Pagero’s global business network marks a significant step forward in revolutionizing cross-border payments, providing businesses with enhanced transparency, efficiency, and connectivity in financial transactions.


PR Newswire

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