Backbase Collaborates with Mastercard to Simplify Cross-Border Payments for Banks

This integration reduces implementation timelines significantly for joint customers, while enabling complete payment flow management from customer initiation through settlement and reconciliation.

Mayank Somaiya, Global Vice President and Head of Ecosystem Partnerships at Backbase, commented: "The Backbase Ecosystem extends the AI-native Banking OS with best-of-breed capabilities across payments, fraud management, open banking, dispute management, and end-to-end banking services. With Mastercard Move  accessible directly through the Banking OS, banks can deliver trusted international payments within the same digital journeys their customers already use - competing with digital-first and non-traditional players on experience, pricing, transparency, and speed."

Pratik Khowala, Global Head of Transfer Solutions, Mastercard, added: "By making Mastercard Move available through the Backbase AI-native Banking OS, we're accelerating banks' ability to bring cross-border services to market. This collaboration helps financial institutions deploy trusted, transparent international payments faster and with far less complexity."

The collaboration delivers concrete benefits for banks.

• Accelerated speed to market through pre-built connectors that eliminate custom integration work.
• Unified customer experiences - with cross-border payments embedded directly into existing digital banking journeys.

Correspondent banking networks move slowly and lack end-to-end transparency. Digital-first consumers expect near-instant, transparent international transfers. The collaboration initially targets the European Union, Middle East, and North Africa regions, focusing on banks seeking to enhance their cross-border capabilities.

Financial institutions gain reduced implementation time, faster time-to-revenue through pre-built certified integration, and future-proof architecture supporting multiple payout options and currencies.

Mastercard Move enables money movement across more than 200 countries and territories, connecting more than 17 billion endpoints, and supporting transactions in 150 currencies.

The pre-built Backbase connector to Mastercard Move is now available to Backbase customers. Banks can access the cross-border capabilities through a pre-integrated experience, supported by structured planning, technical assessment, and delivery guidance.

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About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

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