Mastercard and Remitly, the digital financial services provider for immigrants, have announced a pair up to expand access to cross-border payments and remittances.

Mastercard said its Mastercard Send service will now enable US-based Remitly customers to fund transactions via their debit card.

Remitly has also integrated Mastercard Cross-Border Services to offer customers more choice in how recipients can access their funds through a variety of disbursement options within Mastercard’s global network, such as bank accounts, cash pick-up locations, and mobile wallets.

“Having grown up in Mexico, I know first-hand how vital it is to quickly and securely send and access funds abroad to support critical everyday expenses,” said Silvana Hernandez, executive vice president, product and engineering, North America, Mastercard. “Our collaboration provides Remitly users with an added layer of convenience and peace of mind, ensuring that funds get into the right hands when they need it most.”

Remitly co-founder and chief executive Matt Oppenheimer said it is committed to “transforming the way money moves internationally” to give its customers full confidence and peace of mind.

“Our partnership with Mastercard demonstrates continued progress toward this monumental goal, adding breadth and depth to our robust payments network,” he said.

Mastercard recently partnered with Worldpay and Buy Now, Pay Later (BNPL) provider Zip to scale new Open Banking-powered services.

Jess Turner, executive vice president, global Open Banking & API at Mastercard said the move would open the door to more “tailored solutions that will revolutionise financial experiences.”

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