What is Mastercard Move Commercial Payments and how does it work?
Mastercard Move Commercial Payments is a solution that enables banks to facilitate near real-time, predictable and transparent commercial crossborder payments 24/7/365. This new solution aims to simplify operations, optimize liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.
How does Mastercard Move Commercial Payments simplify cross-border commercial payments?
Mastercard Move Commercial Payments is a multi-lateral arrangement that creates an ecosystem of banks where cross-border payments are cleared (confirming that the payment is credited to the beneficiary) before any settlement takes place. This provides transaction outcome certainty, transparency and removes exceptions.
What benefits does Mastercard Move Commercial Payments offer for banks?
Banks can gain speed, transparency, and scalability, enabling predictable payment flows, control risk and increase operational efficiency.
How does Mastercard Move Commercial Payments ensure speed and security in commercial transactions?
Mastercard Move Commercial Payments uses near real-time processing and risk-control tools to deliver fast, secure payments globally.
Can Mastercard Move Commercial Payments handle high-value and high-volume payments?
Yes. Mastercard Move Commercial Payments is designed for high-value transactions, in Fiat or Digital Assets, supporting large-scale B2B payment needs.