Centiglobe and Mastercard Join Forces to Revolutionize Cross-Border Payments

Centiglobe, a leader in cross-border payment infrastructure, has recently joined forces with Mastercard Move, enhancing its blockchain-based payments platform. This collaboration aims to streamline access to international payment services for Centiglobe’s members, which include regulated banks and payment service providers.

Partnership Overview

The new partnership allows Centiglobe’s members to utilize Mastercard Move via a single integration, a significant advantage for financial institutions looking to optimize their cross-border payment capabilities. According to FF News, this integration will facilitate near real-time transactions without the need for additional systems or processes.

Benefits of the Collaboration

• Enhanced Accessibility: Members can access a wider range of international payment services.
• Cost Efficiency: Centiglobe offers a fixed cost structure based on transaction volume, unlike traditional models that charge per transaction.
• Risk Mitigation: The blockchain-based platform aids in lowering transaction costs and managing liquidity effectively.

Mastercard Move: A Global Solution

Mastercard Move provides a fast and secure money transfer solution that reaches over 180 countries and supports more than 150 currencies. This platform connects to over 95% of the world’s banked population, making it an invaluable tool for banks and financial institutions.

Strategic Goals

With this integration, Centiglobe aims to redefine the payment landscape. Centiglobe CEO Petter Sandgren commented, “By integrating with Mastercard Move, we empower our members to expand their global payment reach efficiently.” This sentiment is echoed by Pratik Khowala, global head of transfer solutions at Mastercard, who emphasized the commitment to making cross-border transactions more accessible.

Conclusion

The collaboration between Centiglobe and Mastercard Move signifies a major step forward in the cross-border payment industry. As financial institutions continue to seek innovative solutions, this partnership is poised to drive new growth opportunities and enhance the overall efficiency of international payments.

For more information on Centiglobe and its services, visit their official website at Centiglobe.