Mastercard and Infosys Partner on Cross-Border Payments
Mastercard has announced a strategic collaboration with Infosys to enhance cross-border payment solutions for financial institutions worldwide. This partnership will integrate Mastercard Move into Infosys Finacle, a leading digital banking platform used by banks globally. The integration aims to simplify adoption of advanced payment technologies while improving access to global money movement solutions.
Streamlined Integration for Financial Institutions
Mastercard Move represents the company’s comprehensive portfolio of money movement solutions, currently supporting payments across more than 200 countries and 150 currencies. The service reaches an estimated 95% of the world’s banked population through its extensive network. Traditionally, integrating such cross-border payment infrastructure requires significant technical resources and complex implementation processes. This partnership eliminates those barriers by embedding Mastercard Move directly into the Infosys Finacle platform, enabling financial institutions to offer faster, more secure international transactions with improved operational efficiency.
Enhanced Digital Banking Capabilities
Infosys Finacle, operating as part of EdgeVerve Systems under Infosys, serves as a trusted global banking solution provider for financial institutions worldwide. The integration allows banks to accelerate their digital transformation initiatives without investing in separate payment infrastructure projects. Financial institutions can now provide enhanced customer experiences through near real-time cross-border payment capabilities directly within their existing banking systems. This approach significantly reduces implementation timelines and technical complexity while maintaining the highest security standards.
Executive Perspectives on Strategic Value
Pratik Khowala, Mastercard’s Executive Vice President and Global Head of Transfer Solutions, emphasized that Mastercard Move is designed to empower both individuals and organizations with rapid, secure cross-border money movement capabilities. He noted that the partnership with Infosys will enable financial institutions to meet growing customer expectations while improving risk management, cost control, liquidity optimization, and operational efficiency. This collaboration represents a significant step toward democratizing access to sophisticated payment infrastructure.
Dennis Gada, Executive Vice President at Infosys, highlighted the critical importance of payment systems as primary customer touchpoints in modern banking. He stated that contemporary consumers increasingly prefer financial institutions offering seamless and rapid transaction capabilities. The collaboration with Mastercard will enable near real-time cross-border payments, helping banks build stronger customer loyalty and competitive advantage in an increasingly digital financial landscape.
Market Context and Industry Implications
This strategic collaboration addresses the growing demand for advanced cross-border payment infrastructure that combines global scale, transaction speed, and robust security. As international commerce becomes more interconnected, partnerships between established financial services providers and technology leaders demonstrate how fintech innovation is transforming traditional banking. The integration enables financial institutions to remain competitive while delivering customer-centric experiences that meet evolving expectations for digital financial services.
Technical Implementation and Benefits
The integrated solution will provide financial institutions with comprehensive cross-border payment capabilities through a single implementation. Banks can access Mastercard’s global network without developing individual connections to multiple payment corridors. The system incorporates advanced security protocols, compliance checks, and real-time monitoring features to ensure safe and efficient money movement. Financial institutions can also leverage detailed analytics and reporting tools to optimize their international payment operations and customer service offerings.
Future Development and Expansion Plans
The partnership establishes a foundation for ongoing innovation in cross-border payment solutions. Both companies plan to continue developing additional features and services that address emerging needs in global money movement. Future enhancements may include support for additional currencies, expanded regulatory compliance capabilities, and integration with emerging payment technologies. This collaborative approach ensures that financial institutions can access cutting-edge payment solutions while maintaining flexibility for future technological advancements.
