Infosys shares in focus after partnering with Mastercard to boost cross-border payments

Infosys shares may be in the spotlight on Friday after the IT services major announced a strategic collaboration with Mastercard aimed at scaling cross-border payments and strengthening financial institutions’ access to Mastercard Move, the payments giant’s portfolio of money movement capabilities.

The collaboration is expected to streamline the onboarding process for banks and financial institutions, offering them faster and more secure access to Mastercard’s payment ecosystem. The solution will also enhance efficiencies by significantly reducing the resources and time typically required for such integration projects.

“Infosys (NSE, BSE, NYSE: INFY), a global leader in next generation digital services and consulting, announced a strategic collaboration with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities,” the company said in an exchange filing.

A key component of the partnership is the seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys. Finacle will provide the underlying digital infrastructure, helping institutions connect to Mastercard Move’s global payment capabilities more efficiently and at lower implementation costs.

Mastercard Move currently offers disbursers, banks, and non-bank financial institutions access to fast and secure money transfer solutions, both domestically and internationally. Its portfolio spans 200+ countries and 150+ currencies, reaching more than 95% of the world’s banked population.

“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 crossborder experiences for every customer segment,” said Sajit Vijayakumar, Chief Executive Officer at Infosys Finacle.

On Thursday, the shares of Infosys closed nearly 2% lower at Rs 1,500 on the BSE.

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