Infosys has announced a strategic collaboration with Mastercard to strengthen access to Mastercard Move, the payments giant’s portfolio of money movement solutions.
The partnership will see seamless integration of Mastercard Move with Infosys Finacle, enabling financial institutions to adopt cross-border payment capabilities much faster and at significantly lower costs than traditional integration methods.
What Mastercard Move offers
Mastercard Move provides banks, non-banking financial institutions, and their customers with fast and secure domestic and international money transfer solutions. The service spans 200+ countries and over 150 currencies, covering more than 95% of the world’s banked population.
Pratik Khowala, EVP at Mastercard, said the collaboration with Infosys will make it easier for financial institutions to facilitate reliable cross-border transfers while better managing risk, costs, and liquidity.
Why Infosys is onboard
Infosys highlighted that digital payments are becoming a daily necessity for customers, and institutions that provide faster, seamless transactions are more likely to retain loyalty. By combining Mastercard’s global network with Finacle’s agility, the companies aim to help banks deliver near real-time, secure cross-border transactions.
Dennis Gada, EVP at Infosys, said the move aligns with the priorities of financial institutions looking to modernize payment systems. Sajit Vijayakumar, CEO of Infosys Finacle, added that the engagement empowers banks to deliver better digital payment experiences across customer segments.
Industry context
The collaboration comes as global remittances continue to surge, with Asia accounting for nearly half of total inflows in 2024. Mastercard said it is committed to expanding remittance access while scaling commercial payment services in collaboration with partners like Infosys.
