Worldpay and Mastercard have announced a collaboration to enhance money movement for consumers and businesses in the UAE through Mastercard Move.

The partnership will see Worldpay’s Push-to-Card solution support faster domestic and cross-border payouts to cards, covering use cases such as gig economy payments, insurance claims, remittances, and withdrawals of crypto proceeds.

These transactions are supported by Mastercard’s security infrastructure.

The service allows consumers to access funds more quickly, while businesses benefit from more efficient disbursement processes without needing to share bank account details.

Worldpay’s merchants will also be able to use their acquiring flows to fund payouts, reducing operational complexity and reliance on multiple providers.

“At Mastercard, we are committed to building a digital ecosystem by providing seamless payment options that cater to diverse customer bases and use cases. With Mastercard Move, we’re delivering speed, security, and convenience to Worldpay’s customers in the UAE,”

said Mete Güney, Executive Vice President, Market Development, EEMEA, Mastercard.

“Worldpay plays a pivotal role in shaping the future of payments globally. As one of the first acquirers in the country to enable Mastercard Move, we’re offering individuals and businesses a fast, secure, and convenient way to send and receive funds,”

said Tausif Ahmed, Merchant Country Leader MEA, Worldpay.

Worldpay has already introduced the Push-to-Card solution in the UK, EU, US, and Australia.

Mastercard Move provides banks, non-bank financial institutions, and their customers with domestic and international money transfer solutions.

The service reaches more than 200 countries in over 150 currencies, with access to more than 95 per cent of the world’s banked population.

Featured image credit: Mastercard