Buy2Sell, a leading E-commerce platform in Asia, has announced a new strategic partnership with Mastercard.

The announcement follows a long-standing partnership in which Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection via Mastercard Cross-Border Services.

Mastercard Cross-Border Services enable financial institutions and partners to create adaptable solutions that support multiple use cases and can reach a wide range of payment endpoints almost anywhere in the world via a single connection. Mastercard’s platform contributes significantly to global connectivity and offers innovative payment applications that allow customers to route transactions via card or account-to-account infrastructure.

The Mastercard network accepts a variety of delivery channels, such as bank accounts, mobile wallets, cash-out locations, and cards, as well as various payment types such as Business-to-Business (B2B), Business-to-Person (B2P), Person-to-Person (P2P), and Person-to-Business (P2B) (P2B). Mastercard is a payment gateway for services like purchasing and logistics on the Buy2Sell platform. The Buy2Sell platform optimises the remittance rate for trade imports into Vietnam through this partnership.

Mastercard’s cross-border payment solution offers buyers and sellers who transact globally on the Buy2Sell platform a simple and secure payment solution for their purchases via a fast, secure, and traceable cross-border payment rail.