Infosys, MasterCard collaborate on cross-border payments

Infosys (INFY) announced a strategic collaboration with Mastercard (MA) to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities. The solution’s seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, will play a key role in creating an efficient pathway for financial institutions to access Mastercard Move’s cross-border capabilities in a fraction of the typical implementation time and without the intensive resourcing traditionally needed for integration projects. Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and 150+ currencies, with access to more than 95% of the world’s banked population.