Datapro, a leading provider of core banking systems and digital
solutions, recently collaborated with Mastercard to expand the
integration of Mastercard Cross-Border Services, a solution within
the Mastercard Move portfolio of money transfer solutions. The
collaboration will provide Datapro’s customers throughout Latin
America and the Caribbean with access to fast, transparent, and
convenient cross-border payment experiences.
Increasingly, consumers are looking for ways to send money
across the globe quickly and securely. In fact, delivery speed,
security, receipt confirmation and the ability to use an app are
the top factors driving choice of online solutions, according to
Mastercard’s latest Borderless Payments Report. To accelerate
innovation and respond to consumer needs, Datapro removes the
technical barriers to implementation that financial institutions
may currently face when adopting new payment solutions.
“We are incredibly excited to collaborate with Mastercard in
order to bring new digital payment solutions to customers across
the region,” said Ignacio Blanco, CEO of Datapro. “Datapro has a
solid track record of success within Latin America and the
Caribbean for more than 45 years. This collaboration is a strong
testament to Datapro’s ongoing commitment to supporting financial
institutions in driving innovation and providing impactful digital
solutions to their customers.”
Mastercard Cross-Border Services enables participating financial
institutions across the world to offer their customers
international payments in more than 60 currencies to over 100
markets covering 90% of the world’s population. As part of the
Mastercard Move portfolio, the service offers users flexibility in
how funds are received with full transparency and predictability
over transaction status and delivery time. End points can include
bank accounts, mobile wallets, cards, and cash payout
locations.
“As the global economy evolves, people should be able to move
money however they want and whenever they want. This requires an
enhanced suite of services to ensure funds move quickly,
seamlessly, and safely. By connecting Datapro’s platform to
Mastercard Cross-Border Services, their customers will have access
to seamless cross-border transfers underpinned by the reliability
of the Mastercard network”, said Walter Pimenta, Executive Vice
President, Commercial Payments and New Flows, Latin America and the
Caribbean.
The collaboration will be effective across Latin America and the
Caribbean, where Datapro will expedite the integration process for
financial institutions with Mastercard’s Cross-Border Services. The
collaboration features advanced data integration, business rule
management, and API orchestration for financial institutions. This
approach provides an agile and streamlined implementation, removing
the common hurdles of technical integration and lengthy onboarding
processes.
Datapro Press ContactIgnacio Blanco,
Ignacio.Blanco@datapromiami.com-Mastercard LAC Press ContactAndrea
Denadai, Andrea.Denadai@mastercard.com
About Datapro Inc.Datapro is a leader in core
banking and digital banking technology, with more than 100
customers in over 20 countries. Our vision is to be recognized as
the architects of the banking evolution towards a digital world. We
have been helping financial institutions across Latin America, the
Caribbean, the US and the EU for the past 45 years to modernize
their infrastructure and to deliver innovative digital solutions to
their customers. In 2021, Datapro was acquired by Vencora,
which is part of Constellation Software Inc. (CSU – TSE).
About Mastercard (NYSE: MA)Mastercard is a
global technology company in the payments industry. Our mission is
to connect and power an inclusive digital economy that benefits
everyone, everywhere by making transactions safe, simple, smart and
accessible. Using secure data and networks, partnerships and
passion, our innovations and solutions help individuals, financial
institutions, governments and businesses realize their greatest
potential. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
Mastercard and the circles design are registered
trademarks of Mastercard International Incorporated. © 2024
Mastercard. Cross-Border Services (part of the money movement
portfolio known as Mastercard Move) may be provided by Mastercard
Transaction Services Corp. through its subsidiaries and affiliates.
In some jurisdictions services may be provided by subsidiaries or
affiliates that hold licenses to engage in money transmission. For
a list of those jurisdictions, see b2b.mastercard.com/licenses.
Terms and conditions apply.
Services are subject to availability and certain
restrictions, and Mastercard reserves the right to change, from
time to time, in Mastercard’s sole discretion, the design,
operation and functionalities of, and services comprising, the
Cross-Border Services. Alternate designs, operations and
functionalities of, and services comprising, Cross-Border Services
may be available, from time to time, to participants on separate
terms outside of what is represented here. The availability,
operations and functionalities of, and services comprising,
Cross-Border Services may vary by location.
Mastercard makes no representations as to any
aspect of the service provided by third parties.
Mastercard Cross-Border Services is a suite of
products offered in the US by Mastercard Transaction Services (US)
LLC u/a/n New York Bay Remittance, NMLS ID# 900705, licensed as a
Money Transmitter by the New York State Department of Financial
Services, or through its licensed subsidiaries.
About Mastercard Move
Mastercard Move provides banks, non-bank financial institutions,
direct disbursers, and their customers with a fast, secure money
transfer solution, domestically and internationally. The portfolio
reaches more than 180 countries and 150+ currencies, with access to
over 95% of the world’s banked population.
Mastercard Move enables customers to enhance
their money transfer offerings and maximize revenue by giving end
users transparency and choice: specifically, by enabling trackable
payments, visibility of fees, estimated delivery times and,
depending on the market, the option to receive payouts to bank
accounts, digital and mobile wallets, card and cash.
The portfolio includes Mastercard Cross-Border Services and
Mastercard Send.