Mastercard Partners with Infosys to Enhance Cross-Border Payments, Expands Global Reach

Mastercard has partnered with Infosys to enhance cross-border payments through Mastercard Move, a comprehensive suite of money transfer solutions. The partnership aims to streamline integration for financial institutions, reducing time and resources. Mastercard Move supports efficient and secure money transfers in over 200 countries and 150 currencies, reaching 95% of the global banked population.

Mastercard and Infosys have joined forces to revolutionize cross-border payments by leveraging Mastercard Move, a comprehensive suite of money transfer solutions. This strategic partnership aims to streamline integration for financial institutions, reducing the time and resources typically required for such projects. Mastercard Move supports efficient and secure money transfers across over 200 countries and 150 currencies, reaching 95% of the global banked population.

The collaboration, announced recently, integrates Mastercard Move with Infosys Finacle, a platform that offers a range of financial services. This partnership will enable financial institutions to access Mastercard’s cutting-edge money movement capabilities more easily and quickly. Pratik Khowala, EVP and Global Head of Transfer Solutions at Mastercard, highlighted the benefits, stating, “Through Mastercard Move’s 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” [1].

Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, emphasized the importance of digital payment systems, noting, “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” [2].

Sajit Vijayakumar, CEO of Infosys Finacle, underscored the potential of this partnership, saying, “This engagement 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” [3].

The partnership is particularly timely given the growing demand for cross-border payments, especially in Asia, which accounted for nearly half of global inflows in 2024. Anouska Ladds, EVP of Commercial and New Payment Flows, Asia Pacific at Mastercard, noted, “Global remittances continue to grow, driven by migration, digitalization, and economic development. 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” [2].

By simplifying the integration process, this partnership is set to enhance the efficiency and security of cross-border payments, benefiting both financial institutions and their customers.

References:
[1] https://www.enterprisetimes.co.uk/2025/08/29/mastercard-and-infosys-for-strategic-partnership-to-grow-cross-border-payments/
[2] https://m.economictimes.com/industry/banking/finance/mastercard-partners-with-infosys-to-scale-cross-border-payments/articleshow/123562699.cms
[3] https://www.linkedin.com/posts/analytics-india-magazine_infosys-and-mastercard-have-joined-hands-activity-7367139228322861058-GDv3