Mastercard's Partnership With Alipay Connects Digital Wallets to Cross-Border Payments

Alan Marquard, Head of Transfer Solutions at Mastercard, emphasized the ongoing transformation in remittances towards digital channels and wallets during a recent discussion with PYMNTS. Highlighting its collaboration with Alipay, Marquard illustrated how the partnership aims to improve cross-border payments, leveraging digital solutions to enhance global payment systems and expand financial inclusion.