PEXA and Mastercard to Trial Synchronised Property Payments
UKPulse Property Desk
PEXA and Mastercard have announced a partnership to test programmable account-to-account payments for property transfers.
- PEXA and Mastercard are partnering to trial new payment technology.
- The trial will focus on programmable account-to-account payments.
- The system aims to synchronise property ownership transfers with fund releases.
PEXA and Mastercard have announced a partnership to trial programmable account-to-account payments. This new system is designed to synchronise property ownership transfers with the release of funds.
The proposed system will undergo testing within Mastercard's A2A Sandbox. This platform allows banks and partners to trial programmable payment applications.