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BONI and Mastercard partner to launch cross border payment services

By Edlyn Cardoza

November 03, 2022

  • Africa
  • Bank of Nevis International
  • Cross Border Payments
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Mastercard, Bank of Nevis International, FinTech, Portfolio Management, Cross Border Payments, International Payments, Real Time Payments, AfricaBank of Nevis International Ltd. (BONI), a provider of holistic wealth management, portfolio management, and FinTech services for clients worldwide, has partnered with the global technology company, Mastercard, to allow secure and seamless cross border payments.

BONI customers can now send international payments with certainty, speed, and security through a single point of access. Transfers can be made to businesses and individuals in more than 100 markets and over 60 currencies covering 90% of the world’s population. Transfers can be made to bank accounts, mobile wallets, cards, and cash agents around the world. Real-time payments are also possible in more than 40 countries.

“As a first mover, BONI has pioneered this relationship and led the way with Mastercard for the benefit of our global clients and businesses around the world. Our Fintech drive increases the BONI footprint and the cross-border payment relationship with Mastercard underpins and supports the ambitions of our customers all around the world. No longer should cross-border payments be fraught with complexity and be shrouded by unpredictable fees and exchange rates. Today, BONI’s customers can make transfers with confidence and certainty, ” said Deji F. Akadiri, VP Fintech&Security, BONI. “We are truly global in our approach and our wealth and portfolio management services help clients from all parts of the world achieve their global ambitions. Our clients are global and come to BONI and through our partnership with Mastercard we can ensure transfers can reach 90% of the world’s population.”

For BONI’s private clients, this means sending money to loved ones worldwide in real-time, paying for tuition, paying for travel and airline tickets, and covering urgent medical fees in multiple countries and currencies with predictability and ease. For our business clients, this means peace of mind with paying international suppliers, sending earnings to global workers, or paying salaries and pensions to overseas recipients.

“By simplifying and optimizing the cross-border payments process, Mastercard and BONI provide a more cost- and time-efficient solution that provides greater transparency for customers,” said Dalton Fowles, Country Manager for Jamaica, Barbados, Trinidad, and Tobago, and the Eastern Caribbean markets. “We are pleased to have partnered with BONI to continue our journey on digitizing and modernizing the movement of money — for consumers and businesses.”

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