Vietnam’s Buy2Sell Ties up With Mastercard for Cross-Border Payments
by Fintech News Singapore September 27, 2022Vietnamese e-commerce platform Buy2Sell announced a new strategic partnership with Mastercard to enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.
Mastercard Cross-Border Services enable financial institutions and partners to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints globally via a single connection.
Mastercard’s platform plays a key role in improving world-wide connectivity and provides innovative payment applications that enable customers with the choice to route transactions over card or account-to-account infrastructure.
The Mastercard network supports multiple delivery channels including bank accounts, mobile wallets, cash-out locations, and cards, as well as different payment types such as Business-to-Business (B2B), Business-to-Person (B2P), Person-to-Person (P2P), and Person-to-Business (P2B).
At Buy2Sell’s platform, Mastercard is a payment gateway for services such as purchasing and logistics. With this partnership, the Buy2Sell platform optimises the remittance rate for trade imports into Vietnam.
