Cooperation between Whish Money and MasterCard to facilitate financial transfers between Lebanon and the world

“Whish Money” announced in a statement “its cooperation with“ MasterCard ”to provide advanced solutions in the field of financial transfers issued in Lebanon, which enables Lebanese citizens to send money to more than 50 countries, while Lebanese residing abroad can send money to their homeland.

She pointed out that “this cooperation is based on the MasterCard platform and its global network of operators, with the aim of providing the money transfer service to millions of Lebanese around the world, which enables them to send and receive transfers quickly and safely, with the possibility of carrying out operations in the actual time via the Whish Money platform.” The money is very efficient and competitive to more than 50 countries. Funds in Lebanon, to provide solutions that facilitate financial transfer operations. For the country, Master from MasterCard allows us to provide fast, safe and highly efficient conversion services to all citizens of Lebanon. ” For his part, the head of the new payment platforms department in eastern Europe, the Middle East and Africa at MasterCard Onor Corson said: “This cooperation allows the Whish Money platform what it needs of speed, transparency and strong presence to expand its cross -border business, and meet the needs of consumers to send and receive money from abroad. At the same time, it contributes to expanding the network of payments to MasterCard, and providing services that are the first of Its type in the Lebanese market to transfer and send money. We look forward to working together to contribute to improving the lives of the Lebanese and meeting their daily needs. ” The statement pointed to the estimates of the World Bank, as “Lebanon is ranked third in the Middle East and North Africa region in terms of the volume of expatriate transfers in the year 2022, as the total transfers amounted to approximately 6.4 billion dollars, only before Egypt (28.3 billion dollars) and Morocco (11.2 billion dollars). He added:” The MOVE platform from MasterCard is one of the specialized financial solutions developed by the company to enhance the capacity of individuals And institutions to make financial transfers quickly and efficiently locally and internationally, while ensuring the highest levels of safety. The platform provides coverage that extends to 200 countries, and supports more than 150 different currencies, which gives it comprehensive flexibility that allows access to more than 95% of the world’s population dealing with the banking sector.