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Guavapay becomes a Principal Member of Mastercard

Guavapay Limited, a payment processing company has been granted Principal Member status of Mastercard allowing it to issue cards directly and on behalf of others; and offer acquiring services to merchants.

The collaboration with Mastercard will enable Guavapay to provide a wide range of payment and card processing services globally. Guavapay is a multifaceted payment processing company whose main purpose is to enable businesses to provide their services in a simple, efficient manner and transact seamlessly through industry-leading capabilities in payment processing and card issuing. 

The collaboration with Mastercard enables the development of the company services in diverse directions as both an issuer and an acquirer. 

Guavapay in cooperation with Mastercard provides acquiring services to merchants and financial institutions giving their customers opportunities for the most up-to-date and reliable services. 

In addition to being a financial institute, Guavapay is a high-tech company with its own card processing center. The move to principal membership with Mastercard in card issuing enables Guavapay’s further global reach making it possible for banks and financial institutes to issue their own Mastercard cards through the processing services of Guavapay. 

Another direction of Guavapay activity is a money transfer service with innovative payment features. Guavapay has created its own global payment network brand MyMoneyMove™ to provide cross-border payments in more than 100 countries. Working with Mastercard will enable fast, convenient, and cost-efficient money transfers all over the world. 

Orkhan Nasibov, CEO at Guavapay commented: “The partnership with Mastercard is a wonderful opportunity for Guavapay to extend its market reach and gain recognition in the payment and financial area. Our primary focus is customer convenience and due to Mastercard we can optimize our services for a global scale and deliver reliable and flexible services to our customers.”

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