Mastercard is the second-largest payments network, ranked behind Visa, in the global payments industry. Mastercard partners with member financial institutions all over the world to offer Mastercard-branded network payment cards. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the “Mastercard” brand debit, credit and prepaid cards to make purchases.

 

Mastercard uses its proprietary global payments network, which it refers to as its core network, to facilitate payment transactions, which usually involve the Mastercard account holder and a merchant, along with their respective financial institutions.

 

We accept money transfer payments from all Mastercard cards issued in Israel, and we also credit money transfers to Mastercard cards in real time in the following countries: