FinXP, a European payments and banking solutions provider, is pleased to
announce its strategic collaboration with Mastercard to introduce an innovative cross-
border payment solution, named FinXP PLUS. By leveraging Mastercard’s Cross-Border
Services, FinXP shall be tapping into the extensive Mastercard network, thereby providing
its global customer base with unparalleled access to a new range of payment possibilities.
What is FinXP PLUS Solution?
FinXP PLUS is set to modernize corporate cross-border payments by providing a proprietary
platform that facilitates secure transactions to over 100 countries, supporting multiple
currencies, including USD, GBP, EUR, CAD, CHF, TRY, PLN, SEK, DKK, NOK, PHP, COP, and
more. One of the standout features of the service is its support for multi-channel transfers,
empowering merchants to make payouts to bank accounts, cards, e-wallets, as well as
cash-out locations. This versatility ensures that clients have the flexibility required to adapt
to different payment preferences around the world.
The new service integrates with FinXP’s best-in-class Euro IBAN service called IBAN4U,
which provides dedicated corporate accounts complemented with Mastercard debit cards.
Therefore, FinXP PLUS users shall benefit from a comprehensive account solution enabling
them to receive payments, make payouts, as well as use their funds via a physical debit
card.
Through this partnership, FinXP will extend access to Mastercard’s network to its diverse
clientele, which includes e-commerce enterprises, professional services firms, as well as
reputable merchants hailing from specialized sectors such as blockchain, fintech, iGaming,
and nutraceuticals.
“Our latest collaboration with Mastercard reinforces our commitment to offer merchants with
a seamless payment experience, that means the ability to make fast and reliable payments at
a cost-efficient price with an easy-to-use platform,” said Jens Podewski, co-founder and CEO
of FinXP. “We are very excited about launching the new service especially since it offers so
many payout capabilities in just a single solution. Of course this would not have been
possible without partnering with a payments leader like Mastercard”.
Chris Denny, COO at FinXP added that “through this new service we are able to present a
much stronger value proposition not just to our current clients but also in new markets that
we are entering such as international remittance, travel and marketplaces”.
“In the current climate, having fast, reliable access to funds at a reasonable cost has never
been more crucial,” said Dr. Peter Robejsek, country manager at Mastercard. “Our partnership
with FinXP will provide its customers with a safe, simple and reliable cross-border payments
experience, regardless of whether they want to send money to a bank account, card, digital
wallet or cash withdrawal location.”
Mastercard’s suite of remittance-related products enables payments using Mastercard’s
global network to be delivered to bank accounts, digital and mobile wallets, card, and cash
across more than 180 countries and 150 currencies. In total, these services provide senders
with access to more than 90% of the world’s banked population and in near real-time to
more than 50 markets.
The launch of FinXP PLUS represents a significant step forward in cross-border payments
for several industries. FinXP and Mastercard look forward to transforming the way
businesses conduct international transactions, facilitating the growth of global commerce.
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