Mastercard expands crypto efforts in Asia-Pacific
Nuvei, a Canadian fintech company, partners with credit card giant Mastercard to offer instant payout capabilities in Asia-Pacific. The partnership will allow Nuvei to offer instantaneous payout capabilities for their customers in the APAC region by using Mastercard Send. Nuvei’s users will be able to process payouts, including business-to-consumer operations and funding transactions of 1.5 billion for credit, debit, and prepaid Mastercard cards. You might also like: Mastercard and Binance to terminate partnership in September Mastercard is one of the biggest credit card companies, established in 1966. In recent years, the company has been actively involved in the cryptocurrency industry. It has recognized the potential of digital assets and taken steps to integrate cryptocurrencies into its network. In February 2021, Mastercard announced its intention to support a limited number of cryptocurrencies on its network. This move was seen as a significant step towards mainstre...