SUNRATE, a global financial technology company, announces the successful integration of Mastercard Cross-Border Services into its intelligent global payments and treasury management platform, boosting global cross-border payment capabilities of SUNRATE for its clients. The integration of Mastercard Cross-Border Services is the latest expansion in the ongoing global partnership between the two companies. SUNRATE gained Mastercard Prime Member status in 2020, giving the company direct access to Mastercard’s leading global payments network and resources.
Through a single, secure access point, Mastercard Cross-Border Services enables businesses to send and receive money safely and with certainty. This means that SUNRATE customers can send money to five designated countries in Asia : Thailand, the Philippines, Malaysia, Vietnam and China .
“We want SUNRATE to be the benchmark B2B treasury and payment management platform, especially for emerging markets. Therefore, the flexibility that Mastercard Cross-Border Services bring, such as the ability to make cross-border payments to the most popular and emerging markets around the world, is something our customers are excited about. Our collaboration with Mastercard will allow our customers to focus on what is most important in their scaling journey, such as localization efforts and potentially establishing new revenue streams for their business,” said Qincheng Wang, Product Manager, SUNRATE.
Helena Chen , Mastercard General Manager for Hong Kong and Macao said: “Mastercard is pleased to expand its collaboration with SUNRATE through its Cross Border Services solution, enriching SUNRATE’s remittance service in a faster, safer, more transparent way. and cost-effective. Mastercard Cross Border Services reaches more than 100 markets and 90 percent of the world’s population, and this collaboration will continue to expand in hopes of improving cross-border service for businesses.”