Mastercard and Infosys Partner to Simplify Cross-Border Payments

Mastercard has announced a strategic partnership with Infosys to integrate its Move cross-border payments portfolio into the Finacle core banking platform. The collaboration allows financial institutions to access Mastercard Move without the lengthy and resource-intensive integration projects typically required for cross-border services.

Through Finacle, owned by EdgeVerve Systems, banks can now connect directly to Mastercard’s global money movement infrastructure, which spans more than 200 countries, supports 150 currencies, and reaches 95 per cent of the world’s banked population. The platform provides services for banks, non-bank financial institutions, and direct disbursers, delivering both domestic and international transfer capabilities.

By embedding Mastercard Move into Finacle’s modular architecture, institutions gain a faster route to market while remaining compliant with regulatory requirements across jurisdictions. This reduces reliance on building bespoke infrastructure or managing complex correspondent banking networks, enabling banks to deploy services in weeks rather than months.

Meeting Remittance Market Growth

The partnership is particularly timely as remittance flows continue to expand globally, driven by migration, digital adoption, and economic development in emerging markets. Asia-Pacific remains a key corridor, accounting for nearly half of worldwide remittance inflows in 2024.

For Mastercard, the integration strengthens its footprint in an increasingly competitive sector where fintech challengers have captured share by offering faster and cheaper international transfers. By reducing deployment barriers, incumbent banks can now deliver comparable services while enhancing customer experience and loyalty.

Executives from both companies highlighted the strategic benefits of combining Mastercard’s global payment network with Finacle’s flexible, composable architecture. The joint offering is designed to serve retail and commercial segments alike, allowing financial institutions to extend near real-time international payment options to customers without compromising on security or compliance.

By aligning Mastercard’s money movement capabilities with Infosys’s digital banking technology, the partnership positions both firms to capture growth in cross-border transactions. It also provides banks with a competitive edge to respond to rising customer demand for seamless and secure international transfers.