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Escher Partners With Mastercard To Help Posts Expand Financial Services Offering

New Partnership Enables Posts around the World to Offer Convenient International Money Transfer Services to Their Customers

Escher, the global leader transforming postal operators and couriers, announced a partnership with Mastercard to bring a collection of new financial services to Post and Parcel carriers everywhere. With announcement, postal operators who leverage Escher’s award-winning customer engagement platform, Riposte, can now offer Mastercard’s Cross-Border Services directly at point of sale.

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Mastercard’s Cross-Border Services allow people and businesses to send and receive money securely and with certainty through a single connection to more than 100 countries, including emerging and in-demand markets. Mastercard’s cross-border capabilities support multiple payment use cases and can reach a variety of endpoints including bank account, mobile wallets, and cash payout locations around the world, delivering the choice and confidence that people need and expect while transacting globally.

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With over 630,000 brick and mortar locations across the globe, post offices and third party Pick-Up and Drop Off (PUDO) facilities are at the heart of all communities. Classed as essential services throughout the Covid-19 pandemic, post and parcel carriers provide essential last mile connections that link communities, governments, and businesses.

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“Only postal organizations can globally connect people with a local, easily accessed network available in the largest cities and the smallest villages,” said Brody Buhler, CEO, Escher. “That makes them the perfect partner for enabling financial access and inclusion. We’re pleased to extend Mastercard’s Cross-Border Services to our clients around the world. At a time when Posts are more important than ever to the community and cross-border money transfers are on the rise, expanding into financial services increases retail footfall, attracts new customers, and fosters ecommerce growth.”

Mastercard’s collaboration with Escher builds on the company’s broader focus across the delivery sector. Speaking of the partnership Matt Blanks, Vice President, Mastercard said “Mastercard is committed to driving inclusion at scale, ensuring that everyone has access to the tools they need to thrive. Post and parcel carriers provide essential last mile services, and by combining our joint expertise Mastercard and Escher are scaling solutions like Cross-Border Services, to ensure that all communities have simple and convenient access to essential banking facilities.”

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[To share your insights with us, please write to sghosh@martechseries.com ]

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