Berrypay, a fintech company, is set to expand rapidly by focusing on digital remittance and underserved markets, leveraging a partnership with MasterCard to enhance global reach and security for international money transfers. The company aims to broaden its services into digital banking and other payment systems, targeting growth in GCC and Asia-Pacific regions.
19 June 2024 – Fintech company Berrypay is poised for significant growth, targeting underserved segments of society with its accessible and connected financial services. Chairman Tan Sri Mohd Daud Bakar highlighted the company’s commitment to making digital remittance services affordable, easy, and quick for all users.
In an interview with SunBiz, Bakar emphasized that Berrypay’s primary goal is to venture into digital banking and various payment systems utilizing its advanced technology. “Our system’s engine is versatile, supporting not just remittances but also broader financial ecosystems and other payment solutions,” he stated.
Founder Azrin Hadi Abdullah revealed that Berrypay aims to expand into the Gulf Cooperation Council (GCC) and Asia-Pacific regions, focusing on areas with limited access to financial services. This expansion is supported by a strategic partnership with MasterCard, enhancing Berrypay’s global remittance capabilities.
Through this collaboration, Berrypay users can now send money to over 55 countries, benefiting from MasterCard’s extensive reach. Bakar noted that the partnership aligns with Berrypay’s mission to provide innovative and efficient financial solutions, ensuring easy and accessible international money transfers for families, friends, and business partners worldwide.
The partnership promises faster processing times for international transfers, reducing waiting periods and ensuring timely delivery of funds. “MasterCard’s global security protocols safeguard every transaction, providing an extra layer of protection for our users,” Bakar added.
Devesh Kuwadekar, MasterCard’s Vice-President of Account Management, expressed enthusiasm about the collaboration, covering more than 60 currencies. “Berrypay’s innovative approach in the fintech space enhances the security and efficiency of cross-border payments, improving lives and facilitating business transactions,” he commented.
As Berrypay continues to innovate and expand, it aims to bridge the gap in financial accessibility, delivering secure, efficient, and user-friendly payment solutions on a global scale.
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