Financial

Whish Money Mastercard Move: seamless Lebanon remittances

Published

on

Whish Money has teamed up with Mastercard to make sending money to and from Lebanon simpler, faster, and safer. With Whish Money Mastercard Move, customers in Lebanon can now send funds abroad to more than 50 countries; meanwhile, Lebanese living overseas can send money home with near real-time delivery. Crucially, the collaboration uses Mastercard Move’s global money-movement rails and network partners, so transfers arrive quickly and transparently across multiple payout methods.

How it works—built for real life

Through the Whish Money app, users in Lebanon can initiate international transfers in near real time. Depending on the receiving market, beneficiaries can take funds into a bank account, a mobile wallet, or in cash. Additionally, senders in Lebanon can choose how to fund the transfer: cash remains available, yet they can now use cards to fund their Whish Money wallet as well. Because the service sits on Mastercard’s money movement capabilities, it benefits from reach, compliance rigor, and operational visibility across corridors.

First mover in Lebanon’s wallet space

This is Mastercard’s first collaboration with a mobile wallet in Lebanon to facilitate remittances, which matters in a market where international transfers are essential to household finances. Moreover, the timing aligns with a long-standing reality: remittances are a vital lifeline. The World Bank estimates Lebanon received US$6.4 billion in inflows in 2022, ranking third in MENA by absolute volume. Therefore, any improvement in speed, safety, or convenience can meaningfully affect day-to-day life.

Speed and trust—why Mastercard Move

Mastercard Move is the company’s portfolio of domestic and cross-border money-movement solutions. In practice, that means access to 200 markets, 150+ currencies, and coverage for more than 95% of the world’s banked population. Consequently, Whish Money can scale its cross-border business faster, while users gain dependable time-to-funds. Toufic Koussa, Co-founder and CEO of Whish Money, summed it up clearly: families rely on remittances, so the experience must be fast, efficient, and secure. Likewise, Mastercard’s regional leadership highlights the collaboration’s ability to deliver reach, transparency, and speed across inbound and outbound flows.

A choice that fits every corridor

Because each country handles payouts differently, flexibility is key. Some recipients prefer bank credits; others rely on mobile wallets; certain corridors still require cash pickup. Accordingly, Whish Money’s interface lets senders select what works best for their beneficiaries. Meanwhile, card-to-wallet funding adds convenience at origin, complementing cash top-ups and reducing friction for first-time users. As adoption grows, more customers can move from cash dependence toward digital rails without losing access to familiar options.

Near real-time in practice

“Near real-time” isn’t just marketing language. On many corridors, funds are available within minutes, subject to standard compliance checks. Because the platform integrates verification, screening, and routing underneath a simple consumer flow, customers see clear status updates and faster settlement. Furthermore, the combination of network reach and local partners helps keep fees competitive and delivery predictable.

Why this matters now

Lebanon’s diaspora spans the GCC, Europe, North America, and beyond. Therefore, send-home corridors must be reliable, transparent, and flexible. By pairing Whish Money’s local presence and agent network with Mastercard Move’s global rails, this collaboration lowers barriers for both inbound and outbound transfers. Notably, it also gives senders better control—choose the receive method, choose the funding method, and track the transfer with confidence.

What users can expect

Getting started is straightforward: download the Whish Money app, onboard, and choose a destination. Then select the payout method—bank account, mobile wallet, or cash—and fund the transfer via card or cash. Finally, confirm and track. As corridors expand, users should see additional options and features; however, the core promise will stay the same: faster, safer, near real-time remittances supported by global infrastructure.

In short, Whish Money Mastercard Move brings modern cross-border capabilities to a market that truly depends on them. With speed, flexibility, and trusted rails, the service helps families bridge distance—one transfer at a time.

Check out our previous post, AlRayan Bank Digital Banking Boost with Finastra

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version