Whish Money has teamed up with Mastercard to facilitate remittance services for consumers in Lebanon, according to a press release posted on Zawya.   

This partnership utilises Mastercard Move’s money movement solutions to provide Lebanese individuals with the ability to send funds to over 50 countries and receive money from abroad. 

Depending on the destination, senders can select the method of receipt for the beneficiaries, which includes bank accounts, mobile wallets, or cash pickups.  

Moreover, Lebanese senders can now fund their Whish Money wallet using their cards, marking Mastercard’s inaugural partnership with a Lebanese mobile wallet for remittance purposes. 

Whish Money CEO and co-founder Toufic Koussa said: “Many people in Lebanon rely on remittances from their family members abroad to meet their basic needs. In this challenging economic situation, international money transfer services provide a vital inflow of foreign currency into Lebanon. Thanks to Mastercard Move, we can now offer fast, efficient and secure remittances to Lebanese people.”  

Mastercard Commercial and New Payment Flows executive vice president for EEMEA stated: “Our collaboration will give Whish Money the reach, transparency and speed needed to scale its cross-border business and address consumer demand for sending and receiving funds internationally.  

“Meanwhile, it will enable us to expand our payment network and introduce market firsts for inbound and outbound money transfers in Lebanon.”  

Mastercard Move is part of Mastercard’s suite of money movement solutions designed to allow domestic and international fund transfers. The service’s network extends across 200 markets and supports over 150 currencies.  

Recently, Worldpay and Mastercard joined forces to simplify money transfers for consumers and businesses in the United Arab Emirates (UAE), integrating Worldpay’s Push-to-Card solution with Mastercard Move to enhance transaction processing.