Leveraging Mastercard’s Global Money Movement Solutions
dtcpay will benefit from Mastercard’s advanced global money movement solutions to provide its users with improved cross-border payment services.
From the summer of 2025, dtcpay users will have access to over 49 payment corridors originating from Singapore. These corridors cover a range of destinations including China, UAE, Malaysia, Indonesia, Philippines, Switzerland, Thailand, Vietnam, and various markets across the EU.
Cost-Effective and Transparent International Payments
The partnership aims to deliver a more cost-effective and transparent way to move money internationally. Users can expect faster processing times with 60% of transactions completed in an hour and 95% within 24 hours.
This initiative caters to diverse user segments, including businesses, financial institutions, and frequent flyers. For businesses needing a streamlined way to pay vendors or employees overseas, dtcpay’s solution can significantly cut payment times compared to traditional wire transfers, which often take up to five days.
Financial institutions with established API infrastructure will find value in the secure APIs offered by dtcpay. This simplifies cross-border payments and helps financial institutions provide better services to their clients while optimizing efficiency.
Convenient Solutions for Frequent Flyers
For frequent flyers, the partnership offers a convenient and fast solution for making international transactions at any time. Users can manage global finances without complex processes and benefit from transparent fees and rapid transfers wherever they are.
Mastercard Move is designed to provide users with a secure and fast money-moving experience both internationally and domestically. It enhances transfer offerings by offering more choices, transparency, trackable payments, visibility into fees, accurate delivery time estimates, and the option of receiving payouts via bank accounts, e-wallets, cards, or cash.