Ericsson and Mastercard have joined forces to change how funds are transferred internationally by connecting Ericsson’s fintech infrastructure with Mastercard’s money movement tools.
The companies said they will integrate the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, Mastercard’s suite of transfer and payout services.
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The combined set-up is designed for telecoms operators, banks and fintech firms.
It is expected to support them in expanding their digital wallet features, introduce additional payment products and improve access for people who are unbanked or underbanked.
Ericsson head of Mobile Financial Services Pavan Bachwal said: “Combining Ericsson’s trusted, scalable platform with Mastercard Move enables our customers to launch secure and efficient payment solutions faster than we ever have before.
“Together, we are driving financial inclusion, accelerating innovation, and creating new growth opportunities across the globe.”
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By GlobalDataEricsson said its pre-integrated application programming interfaces (APIs), cloud-native deployment model and compliance-ready infrastructure are aimed at making it easier for fintech providers to connect to Mastercard Move.
According to the announcement, this approach is intended to reduce complexity and operational hurdles by streamlining integration, deployment and compliance processes, which in turn could shorten the time needed to launch new payment services.
The partners positioned the tie-up as a way to support wider access to digital financial services.
Mastercard Move supports money movement in more than 200 countries and territories, connecting over 17 billion endpoints and enabling transactions in 150 currencies.
Ericsson said its fintech platform operates across 22 countries, serving more than 120 million active users and handling over four billion monthly transactions spanning digital wallets, payments, remittances, lending and loyalty services, supported by what it described as enterprise-grade security.
The rollout of Mastercard Move within Ericsson’s platform is set to start in the Middle East and Africa, where the companies said demand is strong for mobile money, remittance services and payment interoperability.
Mastercard global head of transfer solutions Pratik Khowala said: “By integrating with Ericsson’s fintech platform, we are opening new pathways for telecom operators, financial institutions and fintechs to scale innovative payment services, reach underserved communities and unlock fresh revenue streams.
“This collaboration not only meets the rising demand for digital cross-border payments, but also accelerates progress toward a more connected, inclusive and dynamic global digital economy.”
Earlier this month, Mastercard signed a memorandum of understanding with the UAE Cyber Security Council (CSC) to bolster the resilience of the country’s digital environment.
The agreement sets out plans for both sides to collaborate on strengthening cybersecurity resilience, including the sharing of international best practices and assistance with the development of forward-looking cybersecurity policies.
