PashaPay Partners with Mastercard Under MOU at Money 20/20 Europe to Enhance Strategic Collaboration

The Pashapay Mastercard partnership was formalized at Money 20/20 Europe through the signing of a Memorandum of Understanding (MoU), marking a new milestone in fintech collaboration. This Pashapay Mastercard collaboration aims to accelerate digital payment innovation globally, with both parties leveraging each other’s networks and technology.

The strategic alliance seeks to deepen collaboration between Mastercard and PashaPay in: 

• Collaborating on cybersecurity, digital identity, and fraud prevention technologies; Issuance of Mastercard and m10-branded digital payment products;
• Enhanced access to cross-border money transfers through services such as Mastercard’s MoneySend, Cross-Border Send, and Alias Directory;
• Strengthening international reach.

Samir Mammadov, CEO of PashaPay said, “Partnering with Mastercard is an important milestone in PashaPay’s mission to make financial services more accessible and secure. With our partner’s global expertise and strong infrastructure, we can deliver better financial tools to everyday users and businesses, including safe and easy international money transfers. It’s especially remarkable to sign this MoU at Money 20/20 Europe, showing Bir ecosystem’s commitment to putting Azerbaijan’s fintech industry on the global map, joining international dialogue, and building strong, long-term strategic partnerships.”

Avşar Gürdal, General Manager for Türkiye and Azerbaijan at Mastercard said, “This partnership represents the perfect synergy between global expertise and local market knowledge. We’re not just launching another payment product – we’re creating comprehensive financial tools that genuinely meet the needs of Azerbaijani consumers and businesses, helping them thrive in an increasingly digital world.”

With the Pashapay Mastercard partnership, both companies want to change the future of global payments by working together on fintech projects that go beyond the MoU.