Credit Libanais launches international money transfer powered by Mastercard Move
The service, newly introduced to the Lebanese market, is now available through Credit Libanais' Wink Neo mobile application, enabling users to seamlessly and securely top up their wallets.
Through this collaboration, Credit Libanais customers can securely top up their Wink NEO wallets with a Mastercard card, instantly transfer funds to any eligible card and receive funds into their linked Credit Libanais accounts in near real time[1], both locally and internationally[2].
Mastercard Move delivers fast, transparent, and secure money transfer solutions, addressing both domestic and international needs. It empowers Credit Libanais to offer its customers with clear visibility of fees, estimated delivery times and trackable payments, enhancing their money transfer experience.
'Mastercard Move provides our customers with an advanced, efficient, and globally accessible alternative to traditional money transfer methods, delivering speed, cost efficiency, and global reach,' said Mrs. Randa Bdeir, Deputy General Manager and Head of Electronic Payment Solutions and Card Technology at Credit Libanais.
Mrs. Bdeir continued: 'Remittances are vital for many Lebanese families—whether it's parents supporting their children studying abroad or workers abroad sending money to their families back, and we are committed to providing them with reliable solutions. Mastercard Move platform allows students abroad to instantly receive their allowances from their families at a low cost. It also enables Lebanese expatriates to send remittances to their families in Lebanon via cards, quickly and at the lowest rates available.'
Mohamed Assem, Country Manager for Egypt, Lebanon, and Iraq at Mastercard said: 'This collaboration underscores our shared vision of fostering a digitally inclusive future for Lebanon. By combining Credit Libanais's deep understanding of the local market with Mastercard's global payments expertise, we are empowering individuals to participate in the global economy, driving digital inclusion and supporting economic growth.'
[1] Transaction approvals depend on the applicable payment network and receiving financial network. Actual posting times depend on the receiving financial institution
[2] Subject to the Mastercard MoneySend and Funding Transactions Program Standards
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