Mastercard and Citigroup Launch Around-the-Clock Global Cross-Border Payments

Oct 10, 2024, 10:26 AM

Mastercard and Citigroup have announced a collaboration to facilitate around-the-clock, real-time, cross-border payments using debit cards. The new service, known as Mastercard Move, aims to provide nearly instantaneous money transfers, making it ideal for various transactions. Citigroup is the first global bank to implement this service, highlighting a significant step in the evolution of global payment systems.