Mastercard’s solution can revolutionize many areas of hospitality, including the redemption of recups

Merchants can provide immediate refunds to customers

Mastercard Send is a near-real-time payment platform that enables people and organizations to send and receive money worldwide. Merchants can provide instant refunds to customers, while users can quickly pay each other or even top up their prepaid cards and digital wallets contactlessly.

“Mastercard Send is a payment solution that enables near-real-time payments directly to the recipient’s card. Peer-to-peer payments have become more and more common in recent years, but the solution has clear advantages for businesses as well. It’s a service that makes transferring money easier, faster and smarter – giving people not only choice, but also a seamless payment experience.”

– said Tamás Racskó, Mastercard’s head of CE responsible for new payment platforms.

Mastercard