Mastercard, Infosys Join Hands to Enhance Cross-Border Payments

Infosys has announced a partnership with Mastercard to make cross-border payments faster and easier for banks and financial institutions.

The collaboration will give institutions quick access to Mastercard Move, the company’s suite of money transfer services that works across 200 countries and over 150 currencies, reaching more than 95% of the world’s banked population. 

Sajit Vijayakumar, CEO of Infosys Finacle, said, “At Infosys Finacle, we are committed to inspiring better banking by helping customers save, pay, borrow and invest better. This engagement with Mastercard Move 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.”

Integration will be powered by Infosys Finacle, helping banks connect with Mastercard’s system in less time and with fewer resources than traditional methods.

Pratik Khowala, EVP and global head of transfer solutions at Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organisations to move money quickly and securely across borders.”

The tie-up also comes at a time when global remittances are on the rise. Meanwhile, Anouska Ladds, executive VP of commercial and new payment flows, Asia Pacific at Mastercard, noted, “Global remittances continue to grow, driven by migration, digitalisation and economic development, especially across Asia, which accounted for nearly half of global inflows in 2024.”

He further said that to meet this demand, Mastercard invests in smart money movement solutions within Mastercard Move while expanding its network of collaborators, such as Infosys, to bring the benefits to a more diverse set of users.

Infosys said the partnership will help banks meet growing consumer demand for faster and safer payments. 
Dennis Gada, EVP and global head of banking and financial services at Infosys, said, “Financial institutions are prioritising advancements in digital payment systems. 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.”

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