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Infosys, a leading entity in digital services and consulting, has unveiled a strategic partnership with Mastercard, aimed at extending enhanced access to Mastercard Move for financial institutions. This collaboration capitalises on the seamless integration with Infosys Finacle, part of EdgeVerve Systems, a subsidiary of Infosys. It promises to streamline access to Mastercard Move’s cross-border capabilities, reducing implementation time significantly.
Mastercard Move is renowned for providing swift and secure money transfer services, both domestic and international, across a myriad of financial institutions, including banks and non-bank entities. Its impressive global reach spans over 200 countries and supports more than 150 currencies, providing service to over 95% of the world's banked population.
Through this strategic partnership, financial entities are empowered to facilitate fast and reliable cross-border payments, enhancing operational control over risks, costs, and liquidity. Pratik Khowala, EVP at Mastercard, highlighted this partnership as a crucial step towards delivering the flawless digital payment experiences demanded in today’s market.
Furthermore, Anouska Ladds, EVP at Mastercard, emphasised the growing importance of global remittances, particularly in Asia, and how this partnership supports the expansion of accessible and scalable remittance services.
Infosys, with its commitment to advancing digital payment systems, sees this collaboration as a cornerstone to enhancing everyday financial experiences. As the global head of banking at Infosys, Dennis Gada, points out, enabling real-time, cross-border payments will play a pivotal role in this agenda.
Sajit Vijayakumar, CEO of Infosys Finacle, draws attention to the combined agility and capability brought together in this effort: with Mastercard's unmatched global money movement resources, banks are now equipped to deliver seamless cross-border experiences to an array of customer segments.
