Buy2Sell partners with Mastercard for cross-border payments in Vietnam

By Leandra Monteiro

Buy2Sell, an E-commerce platform in Asia, announced a new strategic partnership with Mastercard.

The announcement is the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.

Mastercard Cross-Border Services enable financial institutions and partners to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints nearly anywhere in the world via a single connection. Mastercard’s platform plays a key role in improving world-wide connectivity and provides innovative payment applications that enable customers with the choice to route transactions over card or account-to-account infrastructure.

The Mastercard network supports multiple delivery channels including bank accounts, mobile wallets, cash-out locations, and cards, as well as different payment types such as Business-to-Business (B2B), Business-to-Person (B2P), Person-to-Person (P2P), and Person-to-Business (P2B). At Buy2Sell’s platform, Mastercard is a payment gateway for services such as purchasing and logistics. With this partnership, the Buy2Sell platform optimizes the remittance rate for trade imports into Vietnam.

Mastercard’s cross-border payment solution provides buyers and sellers that transact globally through the Buy2Sell platform with an easy and safe payment solution for their purchases, via a fast, secure and traceable cross-border payment rail.