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Berrypay aims for rapid growth while supporting underserved communities

Berrypay, a fintech company based in Petaling Jaya, is setting its sights on rapid growth in the financial services industry. Recognizing that many segments of society are still underserved, Berrypay aims to provide accessible and connected financial solutions to users.

In an interview with SunBiz, Berrypay chairman Tan Sri Mohd Daud Bakar highlighted the company’s focus on digital remittance. The goal is to make remittance cheap, easy, and quick for every user of the system. This emphasis on digital remittance aligns with Berrypay’s vision to expand into digital banking and other payment systems. The technology developed by Berrypay can be utilized not only for remittances but also for financial ecosystems and various payment methods.

Founder Azrin Hadi Abdullah shared Berrypay’s plans to expand into underserved areas in the Gulf Cooperation Council and Asia-Pacific countries. To facilitate this expansion, Berrypay has partnered with MasterCard to enhance its global remittance services. Through this partnership, users will have access to more than 55 countries, enabling them to send money internationally with ease.

Mohd Daud emphasized that the collaboration with MasterCard will streamline international money transfers, reducing processing times and ensuring funds reach their destination promptly. The partnership also prioritizes security, with MasterCard’s global security protocols safeguarding every transaction to provide users with peace of mind.

Devesh Kuwadekar, MasterCard’s vice-president of account management, praised the collaboration with Berrypay, highlighting the value it brings to cross-border services. With coverage of over 60 currencies, the partnership aims to provide solutions that go beyond transactions, offering secure and efficient payment options that benefit users.

In conclusion, Berrypay’s strategic partnerships and focus on innovation in the financial services industry position the company as a key player in driving advancements in payments and businesses. By prioritizing accessibility, connectivity, and security, Berrypay is poised for rapid growth and expansion into new markets, ultimately providing users with innovative and efficient financial solutions.

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