News

Whish Money Partners With Mastercard For Cross Border Payments

Users in Lebanon can send money abroad to over 50 countries, while Lebanese people living overseas can send money home.

Published

1 year ago

August 25, 2025

whish money partners with mastercard for cross-border payments

Whish Money, Lebanon’s leading e-wallet and personal finance app, has partnered with Mastercard to unlock faster inbound and outbound remittances for consumers across the country. The tie-up taps into Mastercard Move, the company’s global money movement network, to allow users in Lebanon to send funds to more than 50 countries — and for Lebanese abroad to send money home in near real time.

Through the Whish Money mobile app, users can now make cost-effective transfers to a wide range of destinations. Depending on the recipient’s market, senders can choose how funds are delivered: directly into bank accounts, mobile wallets, or collected as cash. Customers can also fund their Whish Money wallets with cards as well as cash, expanding convenience for everyday users. This marks Mastercard’s first collaboration with a mobile wallet in Lebanon to facilitate remittances.

“Many people in Lebanon rely on remittances from their family members abroad to meet their basic needs. In this challenging economic situation, international money transfer services provide a vital inflow of foreign currency into Lebanon. Thanks to Mastercard Move, we can now offer fast, efficient and secure remittances to Lebanese people,” said Toufic Koussa, Co-founder and CEO of Whish Money.

Onur Kursun, Executive Vice President of Commercial and New Payment Flows, EEMEA at Mastercard, added: “Our collaboration will give Whish Money the reach, transparency and speed needed to scale its cross-border business and address consumer demand for sending and receiving funds internationally. Meanwhile, it will enable us to expand our payment network and introduce market firsts for inbound and outbound money transfers in Lebanon. We look forward to working together to improve the lives of Lebanese people and address their everyday needs”.

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According to World Bank estimates, Lebanon was the third-largest recipient of remittances in the MENA region in 2022, receiving around US$6.4 billion. Only Egypt (US$28.3 billion) and Morocco (US$11.2 billion) recorded larger inflows. For Lebanese residents, remittances are both a lifeline and a source of foreign currency, meaning the Whish Mastercard collaboration could soon prove to be transformative.

Related Topics:FinTech Lebanon Mastercard Whish Money

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News

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

6 days ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

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The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.