#Infosys #Mastercard #Finacle #CrossBorderPayments #DigitalBanking #GlobalRemittances #Fintech #PaymentsInnovation #FinancialInclusion #BankingTransformation #DigitalPayments
Bengaluru/New York: In a significant move aimed at transforming the global payments ecosystem, Infosys and Mastercard have announced a strategic collaboration to scale cross-border payments by integrating Mastercard Move with Infosys Finacle, the digital banking suite from EdgeVerve Systems, a wholly-owned subsidiary of Infosys.
The partnership is expected to accelerate the way financial institutions manage international money transfers, offering customers faster, more reliable, and more secure cross-border payment options.
A Global Payments Network at Scale
Mastercard Move, part of Mastercard’s money movement solutions portfolio, spans more than 200 countries and territories, covering 150 currencies and reaching over 95% of the world’s banked population. By embedding Mastercard Move into Infosys Finacle, banks and financial institutions can seamlessly access this global infrastructure, allowing them to process payments more efficiently than ever before.
“Through Mastercard Move’s cutting-edge solutions, we empower individuals and organisations to move money quickly and securely across borders,” said Pratik Khowala, Executive Vice President and Global Head of Transfer Solutions at Mastercard. “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.”
Cross-Border Payments: A Booming Market
The collaboration comes at a time when cross-border transactions are expanding at an unprecedented pace, driven by global trade, remittances, and digital commerce.
Anouska Ladds, Executive Vice President at Mastercard, pointed out that global remittances have surged in recent years, with Asia accounting for nearly half of total inflows in 2024. “We are committed to identifying innovative ways to increase access and truly scale the reach of remittance services,” she said.
Remittances remain a critical lifeline for many emerging economies, supporting household consumption, education, healthcare, and entrepreneurship. By combining Mastercard’s global infrastructure with Infosys’ digital banking technology, the partnership seeks to reduce costs, improve speed, and make cross-border money movement more inclusive.
Infosys Finacle: Powering Digital Transformation
Infosys Finacle, used by banks worldwide, is a leading digital banking platform offering core banking, payments, lending, treasury, and wealth management solutions. Integrating Mastercard Move into Finacle allows banks to deliver near real-time international payments, addressing growing customer demand for convenience and reliability.
“Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers,” said Dennis Gada, Executive Vice President and Global Head of Banking and Financial Services at Infosys.
Infosys highlighted that the solution would also help banks meet regulatory compliance standards and streamline operational efficiency while cutting down the complexity traditionally associated with international money transfers.
Industry Impact and Customer Benefits
The partnership is expected to have a multi-fold impact:
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Faster Transactions – Customers will benefit from near-instantaneous cross-border transfers, compared to legacy systems that often take several days.
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Enhanced Transparency – Mastercard Move will allow customers to track transactions in real time, improving trust and confidence.
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Lower Costs – Leveraging digital infrastructure is expected to reduce transaction fees, particularly benefiting remittance users.
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Wider Reach – The solution’s ability to connect with banks across 200 countries ensures global accessibility for customers.
This integration also aligns with a broader trend where financial institutions are partnering with technology providers to modernize outdated payments infrastructure.
Market Reaction
Despite the announcement, Infosys’ stock faced pressure on Thursday. Shares closed at ₹1,503 on the NSE, down 1.74%, reflecting broader market weakness rather than a direct reaction to the deal, according to market analysts.
Investors, however, view the collaboration as strategically positive for Infosys’ long-term positioning in the global fintech ecosystem, given the rising demand for cross-border digital financial services.
The Road Ahead
The Mastercard–Infosys collaboration underscores the growing importance of partnerships between global payment networks and technology service providers. With digital remittances, cross-border e-commerce, and corporate payments continuing to expand, both companies are expected to play a crucial role in shaping the future of global financial flows.
Industry observers note that the partnership could also pave the way for new innovations such as real-time B2B payments, integration with central bank digital currencies (CBDCs) in the future, and enhanced fraud detection powered by AI and data analytics.
Conclusion
The integration of Mastercard Move with Infosys Finacle is more than a technical upgrade—it is a strategic leap that promises to redefine how banks and customers engage with cross-border money movement. By combining Mastercard’s global payment rails with Infosys’ digital banking expertise, the collaboration could mark a significant step toward making international money transfers as seamless as domestic payments.
As remittances grow and global commerce becomes increasingly digital, partnerships like this will shape the next era of inclusive financial services.
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#Infosys #Mastercard #Finacle #CrossBorderPayments #DigitalBanking #GlobalRemittances #Fintech #PaymentsInnovation #FinancialInclusion #BankingTransformation #DigitalPayments
