Infosys, a global leader in digital services and consulting, has teamed up with Mastercard to offer financial institutions improved access to Mastercard Move, a comprehensive suite of money transfer solutions. This collaboration integrates Mastercard Move with Infosys Finacle, part of EdgeVerve Systems, streamlining the process for financial institutions to access cross-border payment capabilities quickly and with minimal resources compared to traditional integration projects.
Mastercard Move provides fast, secure payment solutions for direct disbursers, banks, and non-bank financial institutions, supporting transactions both domestically and internationally. With a reach spanning over 200 countries, 150+ currencies, and 95% of the world’s banked population, Mastercard Move enables users to make cross-border payments with ease.
Pratik Khowala, EVP and Global Head of Transfer Solutions at Mastercard, stated, “Mastercard Move’s advanced solutions empower individuals and businesses to transfer money across borders swiftly and securely. Our collaboration with Infosys gives financial institutions seamless access to these capabilities, helping them offer reliable, fast cross-border payments while improving control over risk, operations, costs, and liquidity.”
Anouska Ladds, Executive Vice President, Commercial & New Payment Flows for Asia Pacific at Mastercard, added, “Global remittances continue to rise, driven by migration, digitalization, and economic growth, especially in Asia. Mastercard is investing in smart payment solutions within Mastercard Move and collaborating with partners like Infosys to meet growing demand and expand the reach of remittance services and commercial payments.”
Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, said, “With financial institutions focusing on enhancing digital payment systems, offering fast, secure, and seamless transaction experiences is key to customer loyalty. Our partnership with Mastercard aims to enable near real-time cross-border payments, improving everyday financial experiences for customers.”
Sajit Vijayakumar, CEO of Infosys Finacle, shared, “At Infosys Finacle, we’re committed to transforming banking experiences. Our collaboration with Mastercard combines the agility of our cloud-native banking platform with Mastercard’s global payment capabilities, enabling banks to provide fast and secure cross-border services to customers.”
Mastercard connects people and businesses across over 200 countries and territories. The company builds a resilient global economy by delivering secure, accessible, and intelligent digital payment solutions that empower people, businesses, and governments to thrive. www.mastercard.com
Infosys is a global leader in next-generation digital services and consulting. With over 320,000 employees, the company helps clients across 59 countries navigate their digital transformations using AI, cloud, and other advanced technologies. Infosys focuses on sustainable, inclusive growth and talent development.
Infosys Finacle provides innovative digital banking solutions that help financial institutions navigate their digital transformation. As part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, Finacle’s cloud-native suite supports core banking, payments, digital engagement, and more, helping banks drive growth and innovation.
