Mastercard has partnered with global digital services and consulting company Infosys to offer financial institutions enhanced money movement capabilities.

The partnership aims to streamline onboarding for financial institutions and strengthen access to Mastercard Move, Mastercard’s portfolio of money movement capabilities.

Mastercard said the collaboration will make it easier for financial institutions to access Mastercard Move’s cross-border capabilities at speed, without the intensive resources traditionally needed for integration projects.

Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with money transfer solutions, both domestically and internationally.

The company says that the portfolio of solutions reaches more than 200 countries and over 150 currencies, with access to more than 95 per cent of the world’s banked population.

Mastercard said that global remittances continue to grow, driven by migration, digitalisation and economic development.

This is particularly true across Asia, which Mastercard said accounted for nearly half of global inflows in 2024.

To meet this demand, Mastercard said the collaboration would bring the benefits of its technology to a more diverse set of users and scale the reach of remittance services.

“Through Mastercard Move’s cutting-edge solutions, we empower individuals and organisations to move money quickly and securely across borders,” said Pratik Khowala, EVP and global head of transfer solutions, Mastercard. “The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves.”

Earlier this week, Mastercard expanded its partnership with Circle, a FinTech which issues stablecoins pegged to the US dollar, to enable USDC and EURC settlement for acquirers in the Eastern Europe, Middle East and Africa (EEMEA) region.

The payments giant said the expanded partnership marks the first time that acquirers in EEMEA will be able to settle transactions in stablecoins, adding that the move underscores Mastercard’s role in connecting blockchain-native crypto assets with traditional fiat commerce infrastructure.

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