myTU Introduces Instant International Payment Transfers Through Visa Direct and Mastercard Cross-Border Services
myTU, an AI-native business specialising in next-gen payments infrastructure, has announced the successful integration of Visa Direct and Mastercard Cross-Border Services into its platform. This move marks a significant step in myTU's evolution into a full-stack global financial infrastructure provider, further solidifying its role as a leader in the field.
The integration enables myTU to offer real-time, 24/7 instant global payouts, revolutionising the way businesses and individuals transfer money across borders. With coverage in over 190 countries and support for 160+ currencies, myTU's cross-border payment services now reach a vast and diverse client base.
Key capabilities following the integration include instant global payouts, wide geographic reach, 24/7 availability, and support for multiple payout methods. Transfers are available around the clock, with many delivered within 30 minutes, offering unparalleled convenience for users.
The integration also bolsters myTU's security measures. The real-time risk assessment systems of Visa Direct and Mastercard Cross-Border Services help reduce fraud, enhance compliance, and ensure secure and reliable fund delivery. These services incorporate industry-leading fraud prevention tools, tokenization, and predictive analytics, providing a robust defence against potential threats.
Moreover, myTU's automated systems mean integrations don't require frequent updates, ensuring operational efficiency. This, combined with competitive pricing due to its lean team structure, makes myTU an attractive choice for businesses and individuals seeking fast, reliable, and cost-effective cross-border payment solutions.
Raman Korneu, Co-Founder and CEO at myTU, stated that the launch aligns with their strategy to empower partners with scalable global payout solutions. As a result, myTU can now serve a diverse client base that includes consumer credit firms, marketplaces, and other payment service providers.
With the global cross-border payments market expanding at an estimated 5% annually, and business-to-consumer (B2C) segments such as payroll and contractor payouts projected to grow at an even faster pace of 11.1% CAGR through 2032, myTU is well-positioned to meet the growing demand for fast, reliable cross-border payment solutions.
myTU's single, seamless platform offers speed, scale, and security, making it an ideal choice for businesses and individuals seeking a reliable partner for their cross-border payment needs. With the integration of Visa Direct and Mastercard Cross-Border Services, myTU stands as a robust digital banking platform, ready to simplify global money movement.
[1] myTU Press Release, 2023 [2] Visa Direct Press Release, 2023 [4] Mastercard Cross-Border Services Press Release, 2023
- The integration of Visa Direct and Mastercard Cross-Border Services into myTU's platform expands its compliance measures, leveraging real-time risk assessment systems to reduce fraud and enrich its commitment to secure cross-border payments.
- With the successful incorporation of Visa Direct and Mastercard Cross-Border Services, myTU's technology-driven financial infrastructure now strengthens its position as a global leader, offering instant global payouts, wide geographic reach, 24/7 availability, and support for multiple payout methods.
