Information technology (IT) services firm Infosys has won a payment win from Mastercard, embedding its Finacle platform as the integration layer for Mastercard Move, the payments giant’s global money movement suite.
“Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers,” Dennis Gada, EVP and global head of banking and financial services at Infosys, was quoted as saying in a release.
The partnership will allow financial institutions worldwide to adopt Mastercard’s cross-border solutions in a fraction of the typical implementation time. This effectively means Infosys is the key enabler for banks looking to scale real-time international money transfers.
Mastercard Move supports transfers in over 200 countries and 150 currencies, covering more than 95 percent of the world’s banked population. By integrating Finacle, Infosys has secured a front-row role in the next wave of global remittances and cross-border payments.
“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,” Pratik Khowala, EVP and Global Head of Transfer Solutions at Mastercard, said in the release.
Infosys Finacle CEO Sajit Vijayakumar said the deal brings together Finacle’s composable banking platform with Mastercard’s global money movement capabilities.
With Asia accounting for nearly half of global remittance inflows in 2024, Mastercard executives said the partnership will help scale reach and access to diverse financial institutions. For Infosys, the tie-up cements Finacle’s position at the heart of global payments infrastructure.
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