Singapore — Mastercard and Infosys have entered into a collaboration to expand access to cross-border payment services for financial institutions. The partnership integrates Mastercard Move, Mastercard’s portfolio of money movement capabilities, with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys.
The collaboration aims to address growing demand for digital remittances, particularly across Asia, which accounts for nearly half of global inflows.
By combining Mastercard’s money movement capabilities with Infosys Finacle’s banking platform, the initiative is intended to help financial institutions offer faster and more secure cross-border payment services while improving operational efficiency and customer experience.
The integration is designed to streamline how banks and financial institutions access Mastercard’s cross-border payment solutions, reducing implementation time and resource requirements compared to traditional integration projects.
Pratik Khowala, EVP and global head of transfer solutions at Mastercard stated the company continues to help financial institutions deliver seamless digital payments experiences.
“The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves,” Pratik said.
Dennis Gada, EVP and global head of banking and financial services at Infosys explained how financial institutions are prioritising advancements in digital payment systems.
“The frequency of daily transactions makes it a primary touchpoint with customers — and the key to building long-term loyalty. Consumers gravitate toward institutions that offer fast, secure and seamless transaction experiences,” Dennis said.
He added that Infosys’ partnership with Mastercard enables real-time, cross-border payments designed to significantly improve financial experiences of everyday customers.
Mastercard Move supports direct disbursers, banks, and non-bank financial institutions with fast and secure money transfers, both domestically and internationally. Global remittances continue to grow, driven by migration, digitalisation and economic development—especially across Asia.
