Sender
Originating Institution
Mastercard
Delivery Channel
Beneficiary
The Customer
The person, business or government body that initiates a payment (through your online or offline banking channels) requesting funds to be sent cross-border to the beneficiary.
Individual
Business
Government
Upon receiving a funds transfer request from your customer, you perform AML and Sanction screening checks (on both your customer and the beneficiary) before pushing the payment to Mastercard Send cross-border via API.
Financial institution
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Mastercard Send for cross-border payments API
Mastercard Send for cross-border payments routes transactions to the appropriate receiving institution's delivery channel on behalf of the originating institution.
The receiving institution receives the transaction and posts the funds into the beneficiary's preferred delivery channel. Depending on availability, the delivery channel in the beneficiary's country can be either a bank account, debit or prepaid Mastercard, a mobile wallet, or a cash-out location.
Bank account
Card
Mobile wallet
Cash-out location
The final stop for the cross-border payment is the intended recipient of the funds. The beneficiary can be an individual, business or multiple recipients across the globe.
Multiple recipients
