IT services company Infosys has joined forces with Mastercard to facilitate easier access for financial institutions to Mastercard’s portfolio of money movement services, Mastercard Move. 

The tie-up will see the integration between Mastercard Move and Infosys Finacle, which is a part of EdgeVerve Systems, an Infosys subsidiary. 

The move aims to simplify the process for financial institutions to connect with Mastercard’s cross-border payment features.  

Infosys Finacle CEO Sajit Vijayakumar 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.” 

Mastercard Move offers a range of solutions that enable domestic and international money transfers, extending to over 200 countries and supporting more than 150 currencies. 

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

“Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.” 

In July, Mastercard introduced A2A Protect, a service designed to enhance security for account-to-account payments.  

A2A Protect, which is initially being rolled out in the UK, is a response to the vulnerabilities associated with the growing volume of A2A payments.