Sokin is one of the leading financial service providers that provide global payments for both businesses and customers. Sokin gives the permission for customers to make payments and transfer money as many times as possible in a month. It can be sending money back to home of transferring it to some other people who are in different locations or setting businesses using Sokin, their innovative process will make the process easy and faster. The firm delivers global payments for a fixed and does not charge any commission. The process of transferring money internationally is a tedious task. There are troubles like lack of transparency in the payment of fees. Sokin aims to reduce these troubles and offers cost effective solutions.
Sokin, the new generation fintech payment firm has recently announced their partnership with MasterCard in South Asia with an objective to provide its fixed-payments services in India, Bangladesh, Sri Lanka, Nepal and the Maldives. Sokin is the only service provider that offers fixed-fee subscription based payment service for cost-effective and faster exchange of currency without hidden charges. Mastercard is an American Multinational financial services corporation that is headquartered in New York. The principle business of the firm is to process the payments between banks of merchants and bank that issue cards or credit unions of the purchasers who use the “Mastecard” credit, debit, and prepaid cards to purchase anything. The company’s stock is traded on NYSE with a market capitalization of approximately 230 billion dollars.
The partnership is an important step taken by Sokin and Mastercard which would help both the firms. MasterCard’s global network and its extended reach in South Asia will help millions of people by allowing them to access Sokin’s instant payment network by using Mastercard’s most secure and trusted digital banking solutions and card services. It is also announced that Sokin will be a Mastercard principal member and card issuer for Singapore and that the two companies have forged a partnership in Europe and the United Kingdom. Sokin considers South Asia as an important market for them and that is why they decided to partner with Mastercard to deliver unique services to that region.
