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Mastercard partners with Buy2Sell in cross-border payment solutions in Asia

By Phong Van    September 30, 2022 | 06:00 pm PT
Buy2Sell, an e-commerce B2B platform in Singapore, has announced a new strategic partnership with Mastercard.

For a global orientation to 2025, Buy2Sell is also moving towards expanding its cross-border sales through its e-commerce.

Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard cross-border services. At Buy2Sell's platform, Mastercard is a payment gateway for services including purchasing and logistics.

Buy2Sell will enable multiple payment types to a variety of delivery channels

Buy2Sell will enable multiple payment types to a variety of delivery channels. Photo by Buy2Sell

Mastercard's cross-border payment solution provides buyers and sellers that transact globally through the Buy2Sell platform an easy and safe payment solution for their purchases, via a fast, secure and traceable cross-border payment trail.

With this partnership, the Buy2Sell platform optimizes the remittance rate for trade imports into Vietnam.

Mastercard cross-border services enable financial institutions and partners to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints nearly anywhere in the world via a single connection.

Mastercard's platform plays a key role in improving world-wide connectivity and provides innovative payment applications that give customers the choice to route transactions over card or account-to-account infrastructure.

The Mastercard network supports multiple delivery channels including bank accounts, mobile wallets, cash-out locations, and cards, as well as different payment types such as Business-to-Business (B2B), Business-to-Person (B2P), Person-to-Person (P2P), and Person-to-Business (P2B).

Buy2Sell, headquartered in Singapore, is a leading B2B e-commerce platform. It operates many import and export B2B transactions, mainly on high-end goods supplied between Vietnam, Singapore, Hong Kong and South Korea.

For a global orientation to 2025, Buy2Sell is also moving towards expanding its cross-border sales through its e-commerce.

Mastercard is a global technology company in the payments industry. With connections across more than 210 countries and territories, Mastercard's mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart, and accessible.

For more information visit: https://buy2sell.vn/

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