PayPal and Mastercard are reportedly launching instant transfer services in Singapore and some European countries. The service has already been launched in the USA.
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Mastercard Send™, Mastercard’s payment management solution, is an application that leverages a card-network infrastructure to improve real-time money security.
Today, with Mastercard Send™, PayPal users can seamlessly and easily transfer their account balances to eligible Mastercard CARDS in just a few seconds.
This function can realize real-time capital withdrawal, which can help PayPal merchants optimize their cash flow and improve the liquidity of funds.
By extending the new features of mastercard to new countries, it gives customers an alternative that allows them to access money more quickly.