Infosys, which is a leader in next-generation digital services and consulting, has announced a strategic partnership with Mastercard which focuses on simplifying access to Mastercard Move, which is the company’s all-encompassing suite of money movement solutions.
Through this collaboration, Infosys Finacle, part of EdgeVerve Systems—a wholly owned Infosys subsidiary—will integrate seamlessly with Mastercard Move. This integration is designed to significantly reduce the time and resources typically required for financial institutions to implement cross-border payment solutions, offering a faster and more efficient path to harnessing the platform’s capabilities.
Mastercard Move empowers banks, non-bank financial institutions, and direct disbursers to execute secure and rapid money transfers, both domestically and internationally. Its expansive network spans over 200 countries, supports more than 150 currencies, and reaches over 95 percent of the global banked population, making it a transformative tool for financial institutions seeking to enhance their payment ecosystems.
This partnership underscores the growing convergence of technology and finance, as Infosys and Mastercard collaborate to simplify global money movement and deliver scalable, innovative solutions to financial institutions worldwide.
Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. 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. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.”
Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard, said, “Global remittances continue to grow, driven by migration, digitalization and economic development – especially across Asia, which accounted for nearly half of global inflows in 2024. To meet this demand, Mastercard invests in smart money movement solutions within Mastercard Move while expanding our network of collaborators, such as Infosys, to bring the benefits to a more diverse set of users. We are committed to identifying innovative ways to increase access and truly scale the reach of remittance services and our broader portfolio of commercial payments solutions.”
Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys, said, “Financial institutions are prioritizing 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. Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers.”
Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “At Infosys Finacle, we are committed to inspiring better banking by helping customers save, pay, borrow and invest better. This engagement with Mastercard Move brings together the agility of our composable banking platform with Mastercard’s unmatched global money movement capabilities – empowering banks to deliver fast and secure cross-border experiences for every customer segment.”
The strategic partnership of Infosys and Mastercard strengthens global money movement and makes it simpler than before. Financial institutions can now access cross-border payment solutions with faster, more secure, and efficient payments with reduced implementation time and effort due to the integration of Mastercard Move with Infosys Finacle. This partnership fortifies the capabilities of banks and financial institutions across the globe. This collaboration also strengthens Mastercard’s Move service and Finacle’s capability, justifying the name of this partnership.
The post Seamless Cross-Border Payments Now Within Reach Through Infosys Finacle And Mastercard Move appeared first on Travel And Tour World.
