Infosys, a global leader in digital services and consulting, has announced a strategic collaboration with Mastercard to expand access to Mastercard Move, the company’s portfolio of money movement capabilities. This integration with Infosys Finacle, part of EdgeVerve Systems, will allow financial institutions to leverage cross-border payment services more efficiently, cutting down implementation timelines and reducing the heavy resource requirements typically associated with such projects.

Mastercard Move provides fast, reliable, and secure domestic and international money transfer solutions. Covering more than 200 countries and 150 currencies, and reaching over 95 percent of the world’s banked population, the service is designed to meet the increasing demand for seamless global transactions. Through the partnership with Infosys, Mastercard hopes to improve customer interactions with banks and other financial institutions by implementing next-generation digital payment systems.

Commenting on the collaboration, Pratik Khowala, EVP and Global Head of Transfer Solutions at Mastercard, emphasized that Mastercard Move enables individuals and organizations to move money quickly and securely across borders. He noted that partnering with Infosys will make these advanced capabilities more accessible to financial institutions, allowing them to deliver efficient cross-border payments while optimizing their own risk, operations, and liquidity management.

The rise in international remittances, especially in Asia, which accounted for nearly half of all inflows in 2024, was highlighted by Anouska Ladds, Executive Vice President for Commercial & New Payment Flows, Asia Pacific, at Mastercard. She explained that the partnership with Infosys aligns with Mastercard’s mission to invest in smarter money movement solutions and broaden access to remittance services worldwide.

Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, says that payments are a crucial customer touchpoint and a way to increase loyalty. With customers seeking faster and more seamless digital transactions, the collaboration with Mastercard is expected to significantly improve cross-border experiences. Similarly, Sajit Vijayakumar, CEO of Infosys Finacle, added that bringing together Finacle’s composable banking platform with Mastercard’s global payment reach will help banks empower their customers with secure, near real-time cross-border transactions.

Mastercard, present in over 200 countries and territories, is known for enabling inclusive digital economies through secure and innovative payment solutions. Infosys, with more than four decades of experience in guiding enterprises through digital transformation, brings its AI-first and agile approach to this partnership. Together with Infosys Finacle’s leadership in digital banking solutions, the collaboration aims to redefine how financial institutions and their customers engage in global money movement.