A Dock, a technology company for payments and banking in Latin America, Muevy, a company that accelerates the opening of borderless instant 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 perform international transfers quickly to over 190 countries, through Mastercard Move.
The solution, enabled by Dock and Muevy, allows clients to withdraw funds from accounts at any bank via Open Finance and send international remittances quickly and securely through Mastercard Move. The goal is to offer consumers and businesses the same convenience and security as a domestic transfer.
"With this partnership, we are bringing a complete solution to the market. We operationalize regulatory licenses, technology, and fraud prevention, allowing 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 of Dock.
Mastercard Move offers banks, non-bank financial institutions, direct payers, and their clients a fast and secure money transfer solution, both domestically 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 establish this partnership that led to the first use case of Mastercard Move in Brazil – integrating Mastercard Send and our Crossborder services. This solution will enable Brazilian companies to expand their operations, access new markets, and optimize their financial management in a secure, reliable, and flexible way through the ability to send and receive funds in multiple 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.
