Move to bring seamless cross-border payments to Lebanon
Whish Money has collaborated with Mastercard to enable inbound and outbound remittance flows for consumers in Lebanon. People in Lebanon can send money abroad to over 50 countries, while Lebanese living overseas can send money home.
The new collaboration leverages Mastercard Move’s money movement solutions and its global network of operators to provide a service that will enable millions of Lebanese worldwide to send and receive faster, safer and near real-time money transfers through Whish Money.
With the collaboration, Whish Money users in Lebanon will be able to start sending money cost-effectively through the Whish Money mobile application to 50+ countries in near real-time. Depending on the receive market, senders can choose how beneficiaries receive the funds, whether into their bank accounts, mobile wallets or by cash.
Secure remittances
“Thanks to Mastercard Move, we can now offer fast, efficient and secure remittances to Lebanese people” noted Toufic Koussa, Co-founder and CEO, Whish Money.
“Our collaboration will give Whish Money the reach, transparency and speed needed to scale its cross-border business and address consumer demand for sending and receiving funds internationally. Meanwhile, it will enable us to expand our payment network and introduce market firsts for inbound and outbound money transfers in Lebanon,” stressed Onur Kursun, Executive Vice President, Commercial and New Payment Flows, EEMEA, Mastercard.
