New credit card speeds up pay

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In Summary

• Payoneer mastercard will enable swift funds settlements, says 3G Direct Pay.

By NATION CORRESPONDENT
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Online shopping services provider 3G Direct Pay has unveiled a new secure prepaid credit card that allows for same day funds settlement targeting players in the hospitality industry.

Payoneer mastercard will enable swift funds settlements, says the company, which runs real-time online payment instruments like VISA, MasterCard, American Express, JCB and multiple currencies.

“It delivers benefits to our clients and merchants, who will be able to conduct their transactions securely, and save on time and cost,” managing director Eran Feinstein said in a statement.

In September, 3G Direct Pay Limited and Payoneer entered into a partnership to provide an end-to-end system that allows hotels, airlines, and travel agents, among other players in the hospitality industry to send and receive money online across borders cheaply.

Under this partnership, 3G Direct Pay focuses on enabling end users to make payments, while Payoneer will enable mass pay-out capabilities.