Mastercard and Remitly collaborate to enhance cross-border payment options

Sift, the leader in Digital Trust & Safety, today announced several new reseller and integration partnerships. With its recently expanded Partner Program, Sift has forged relationships with journey orchestration company Spec, payments orchestration platforms MoneyHash, BR-DGE, and DEUNA; with identity verification & biometric authentication platform Incode; with fraud prevention solutions provider Scudetto; and with IT services firm Acensi Cyber. The new partnerships allow customers to leverage Sift’s industry-leading machine learning technology and global data network as part of a full-stack digital risk solution, whether customers choose to use Sift via resellers or through technology integration partners. “As fraudsters become more sophisticated, businesses need more advanced protection from fraud and abuse across every digital interaction—from user onboarding to login to payment,” said Dave Scholtz, SVP of Global Partnerships at Sift. “By partnering with leading payment orchestration and journey orchestration platforms, our customers can implement Sift’s platform as part of a comprehensive approach to digital risk management.” “Sift shares our commitment to stopping fraud without compromising the user experience. Their ability to ingest and interpret comprehensive fraud signals complements the actionable customer journey analytics Spec provides,” said Patrick Chen, co-founder and COO at Spec. “Together, we can help businesses accelerate the deployment of their ideal fraud stack—ultimately driving higher revenue and healthier customer relationships.” More information on Sift’s Partner Program can be found at: About Sift Sift is the leader in Digital Trust & Safety, empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of one trillion (1T) events per year, and a commitment to long-term customer partnerships. Global brands such as DoorDash, Twitter/X, and Poshmark rely on Sift to gain a competitive advantage in their markets. Visit us at, and follow us on LinkedIn.

Mastercard, a global pioneer in payment solutions, and Remitly Global, a top-tier digital financial services platform catering to immigrants and their kin, have unveiled a new partnership. Their united goal is to broaden the horizons of cross-border payments and remittances.

The duo has embarked on this collaboration to harness the vast potential of Mastercard’s network. Through this, Remitly intends to weave Mastercard’s Send and Cross-Border Services into its framework. This integration will pave the way for Remitly’s user base to have a broader array of secure options when dispatching funds to their families and acquaintances overseas using the Remitly app.

Remitly has marked its presence as a prime digital financial service provider, reaching out to immigrants and their families spread across 170 nations. The company’s digitally-driven cross-border remittance app is a beacon of change, eclipsing the tediousness, ambiguities, and exorbitant fees that often plague traditional remittance pathways. Not resting on its laurels, Remitly is on a mission, constantly adding more products to its array with an aim to reshape financial services for global immigrants.

With Mastercard Send at its helm, it allows U.S-based Remitly clientele to funnel transactions through their debit cards. Further, its Cross-Border Services have been embraced by Remitly, giving users diverse ways for their beneficiaries to retrieve their funds. This includes options from bank account transfers to mobile wallets within Mastercard’s extensive network.

The role of remittances, which serve as vital financial lifelines for numerous households, cannot be underestimated. Forecasts from Mastercard’s upcoming 2023 Borderless Payments Report indicate that about 41% of individuals who’ve ventured into cross-border transactions in the past year are poised to upscale their transactional frequency. This is driven by the need to supply essential financial backing to their overseas connections. Echoing this sentiment, a 2022 survey spearheaded by Remitly revealed that for a sizable 34% of the surveyed, remittances sent back home became the chief income fountain for their recipients.

Bolstered by the speed and integrity of the Mastercard network, both companies are dedicated to simplifying the remittance process, from initiation to completion.

Remitly CEO Matt Oppenheimer said, “Remitly is committed to transforming the way money moves internationally so that our customers can send money with complete confidence and peace of mind. Our partnership with Mastercard demonstrates continued progress toward this monumental goal, adding breadth and depth to our robust payments network, so more customers around the world can access the trusted cross border payments they need to support their loved ones back home.”

Mastercard’s Executive Vice President of Product and Engineering, North America, Silvana Hernandez, remarked, “Having grown up in Mexico, I know first-hand how vital it is to quickly and securely send and access funds abroad to support critical everyday expenses. Our collaboration provides Remitly users with an added layer of convenience and peace of mind, ensuring that funds get into the right hands when they need it most.”

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