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Mastercard deals with faster payments in the UK, smartwatches and open banking


This week has been a busy week for Mastercard with several announcements and collaborations with companies in the areas of payments, open banking and smartwatches.

One such firm is challenger bank Starling, which assists Mastercard in handling funds sent within the UK through their Mastercard sending service.

Banks and other businesses can send and receive real-time P2P and corporate payout payments to bank accounts through the UK’s domestic Faster Payments system.



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