A Dock, a technology company for payments and banking in Latin America, Muevy, a company that accelerates the opening of instant cross-border payments through Open Finance, and Mastercard, a leader in payment solutions in Brazil, announced a partnership to bring to the Brazilian market a technology that allows financial institutions to make international transfers quickly to more than 190 countries, through Mastercard Move.
The solution, enabled by Dock and Muevy, allows customers to withdraw funds from accounts at any bank via Open Finance and send international remittances quickly and securely through Mastercard Move. The aim is to offer consumers and businesses the same convenience and security of a domestic transfer.
“With this partnership, we are bringing a complete solution to the market. We operationalize regulatory licenses, technology, and fraud prevention, enabling other players to access the solution and ensuring they can focus exclusively on what is most important: delivering the best experience for their customers,” says Henrique Casagrande, Chief Operations Officer at Dock.
Mastercard Move offers banks, non-bank financial institutions, direct payers, and their customers a fast and secure money transfer solution, both nationally and internationally. The solutions portfolio covers more than 180 countries and over 150 currencies, with access to more than 95% of the world’s banked population.
“It is a privilege to sign this partnership that gave rise to the first use case of Mastercard Move in Brazil – integrating Mastercard Send and our Crossborder services. This solution will allow Brazilian companies to expand their operations, access new markets, and optimize their financial management securely, reliably, and flexibly by the possibility of sending and receiving funds in various currencies”, says Leandro Mattos, Vice President of Transfer Solutions at Mastercard Brazil.
“To send money anywhere in the world, simply provide the beneficiary’s name and the destination card number. You send the amount in reais, which is automatically converted and delivered in the currency of the destination country. The service operates 24 hours a day, every day of the week. It is a simple, fast, and secure solution”, says José de Carvalho Junior, CEO of Muevy.
