Cross-Border Payments
Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation
May 14, 2025
Wednesday 26th June, 2019, London – PayPal has launched its first UK business debit Mastercard, offering its business customers instant, worldwide access to their PayPal funds for online and high street business purchases and unlimited cash back on their spending.
Mastercard is the most widely accepted card in the world, meaning PayPal’s UK business customers can now spend money held in their PayPal account at over 45 million Mastercard acceptance locations worldwide. The new card has no monthly fees and offers uncapped 0.5% cash back on every pound spent. There are no foreign exchange fees and a flat ATM withdrawal charge of just £1 worldwide.
Read more here.
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