PYMNTS
08 Jun 2026, 07:00 UTC · 5h ago
Mastercard Teams With Backbase to Speed Cross-Border Payments
Top 1 mover · tap to explore
PYMNTS
08 Jun 2026, 07:00 UTC · 5h ago
Top 1 mover · tap to explore
Story key points
3 claims · impact-rated
Backbase is integrating Mastercard Move into its banking operating system to enable near real-time cross-border payments for financial institutions. — Increases the utility of both platforms and accelerates the shift toward real-time payment rails, benefiting Mastercard's network effects.
+0.30The partnership will initially focus on banks located in the European Union, Middle East, and North Africa (EMEA) regions. — Defines the immediate addressable market, limiting the short-term global scale of the rollout.
+0.10The integration aims to reduce implementation timelines and complexity for banks deploying international payment solutions. — Lowering barriers to entry for banks to upgrade legacy systems typically accelerates the adoption of new fintech services.
+0.10Ticker attribution
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Model heads
Mastercard is expanding its money movement service through a strategic integration with Backbase to enhance cross-border payments.
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