PaidBy Partners with Mastercard to Scale Cross-Border Account-to-Account Payments
PaidBy and Mastercard have formed a strategic partnership to address the fragmentation of cross-border payments. The solution allows consumers to pay directly from bank accounts and supports merchants in settling in local currencies, significantly reducing payment costs and settlement complexity for cross-border e-commerce.
重要な事実は何ですか？
- 1Collaboration aims to promote cross-border A2A payments
- 2Supports multi-currency settlement
- 3Initial phase covers Europe and UK
何が起きたのですか？
PaidBy and Mastercard announced their collaboration to promote cross-border account-to-account (A2A) payments through open banking technology. This system integrates connectivity, orchestration, and settlement features, enabling merchants to receive payments in preferred currencies with next-day settlement, initially focused on expanding to the European and UK markets.
越境ECセラーにとって何を意味しますか？
The improved efficiency of cross-border payments will enhance sellers' cash flow turnover and reduce financial risks from exchange rate fluctuations.