BMO partners with Mastercard to accelerate global payments
Mastercard and BMO Bank of Montreal have announced that BMO will implement Mastercard Send to deliver faster, cost-effective and transparent international payment services to its Canadian-based business and commercial banking clients.
With Mastercard Send, BMO can offer its clients the ability to send cross-border payments efficiently, seamlessly and securely to bank accounts in more than 75 countries. The partnership will initially focus on bank account transfers, but will expand to include payments to mobile wallets and cards internationally.
As businesses of all sizes manage an increasingly global marketplace, banks will need cost-effective solutions to meet the evolving needs of their clients. Mastercard Send delivers funds quickly and securely to both cards and non-cards, including bank accounts, mobile wallets and cash-out locations. With Mastercard Send, banks can improve customer experience and future-proof their cross-border payment service.