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BUSINESS • 14/01/2025 03:09 PM

FreedomPay, Mastercard Forge Alliance To Simplify Global Payments For Businesses

KUALA LUMPUR, Jan 14 (Bernama) -- FreedomPay, a Next Level Commerce technology provider, has announced a strategic partnership with Mastercard to enhance global payment solutions for businesses.

In a statement, FreedomPay said this collaboration seeks to provide a unified, extended payment gateway that simplifies and broadens businesses' ability to connect with acquirers and accept a wider range of payment methods globally.

Leveraging FreedomPay’s established presence in North America, Europe, and Latin America, with Mastercard’s extensive global network, businesses will gain easier access to diverse payment systems and seamless processing transactions across borders.

FreedomPay President, Chris Kronenthal said this partnership empowered merchants with a single, unified platform to navigate the complexities of international commerce.

Meanwhile, Mastercard Executive Vice President for Enterprise Gateway Solutions, Kaushik Gopal emphasised the company’s dedication to providing businesses with the tools necessary for success in the global market, noting that this partnership simplifies cross-border transactions and unlocks new growth opportunities for its customers.

The strategic alliance offers access to over 230 acquirers and acceptance of numerous local and global payment methods; enhanced security through round-the-clock global tech support and payment card industry (PCI)-validated measures; and simplified integration for quicker global commerce setup.

Businesses will also benefit from value-added services such as personalised incentives, business intelligence, and advanced fraud prevention tools.

The partnership represents a significant leap in making international commerce more seamless, secure, and efficient, combining Mastercard’s cutting-edge payment technology with FreedomPay’s next-generation commerce solutions to create a better payment ecosystem.

As the premier choice for many of the largest companies across the globe, FreedomPay’s technology has been purposely built to deliver rock-solid performance in the highly complex environment of global commerce.

-- BERNAMA

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