Singapore – Aiming to boost the efficiency and reach of cross-border payments, Mastercard’s Multi-Token Network has recently teamed up with J.P. Morgan’s Kinexys Digital Payments. This new partnership enabled the two to jointly offer a seamless payment settlement solution, simplifying b2b cross-border payments for business applications using MTN.
Designed to transform cross-border payments, Kinexys by J.P. Morgan and Mastercard are providing solutions to boost efficiency, deliver faster settlement times, and enhance transaction transparency.
With Mastercard MTN now connected to Kinexys Digital Payments, shared customers can settle B2B transactions efficiently via a single API integration.
Naveen Mallela, co-head at Kinexys by J.P. Morgan commented, “At Kinexys, we believe our solutions can play a transformative role in the ecosystem for digital global commerce and digital assets, where the value proposition of commercial transaction venues is enhanced by the availability of commercial bank payment rails that can natively integrate with any digital marketplace or platform.”
“We look forward to supporting our clients engaging with the MTN ecosystem and collaborating further with Mastercard in the digital space,” Mallela explained.
Raj Dhamodharan, executive vice president, blockchain and digital assets at Mastercard, further shared, “For years, both Mastercard and Kinexys by J.P. Morgan have been committed to innovating for the future of digital assets and commercial infrastructure.”
“By bringing together the power and connectivity of Mastercard’s MTN with Kinexys Digital Payments, we are unlocking greater speed and settlement capabilities for the entire value chain. We are excited about this integration and the new use cases it will bring to life, leveraging the strengths and innovations of both organisations,” he concluded.
