For banks and fintechs: The pilot demonstrates a more efficient model for delivering cross-border payments, combining real-time execution with settlement in central bank money. By enabling access to central bank infrastructure without the need to independently build and manage their own direct connectivity, it reduces integration complexity, improves liquidity management, reduces funding risk and enables more predictable, transparent payment outcomes.
For central banks and governments: Mastercard’s participation demonstrates that regulated non-bank payment service providers can operate safely and effectively at infrastructure level, aligned with ECB governance, EPC scheme rules, and ISO 20022 standards. The pilot supports public sector efforts to modernize cross‑border payments, strengthen resilience and expand access to instant payment systems in line with the G20 Roadmap for Enhancing Cross‑Border Payments.
“This pilot shows how cross‑border payments can begin to match the speed, certainty and transparency of domestic payments,” said Pratik Khowala, global head of Transfer Solutions at Mastercard. “It points to a new model where payments can move across borders and currencies with fewer intermediaries and greater predictability.
“For Mastercard Move, this is a critical step in building direct connectivity to payment infrastructures that our bank, fintech and public sector partners can rely on. It also sets a clear path forward as we expand to additional schemes, currencies and corridors."
The pilot included the successful execution of both inbound and outbound transaction flows under the One Leg Out Instant Credit Transfer (OCT Inst) scheme, with Mastercard actively performing both entry-leg and exit-leg Payment Service Provider roles in a cross-currency setup. This validated full end-to-end processing of cross-border payments from initiation through to final settlement and demonstrates how Mastercard Move is extending its global network through deeper integration with payment infrastructures.
The pilot builds on Mastercard Move’s broader approach of combining global network capabilities with direct access to payment infrastructures, enabling more efficient, resilient and interoperable cross-border payment solutions.
Mastercard Move enables banks, corporates, fintechs and other payment providers — and their customers — to send and receive funds quickly, securely and transparently. Built on Mastercard’s trusted card and non-‑card networks, it supports domestic and international transfers across more than 200 countries and territories and in over 150 currencies, connecting to bank accounts, digital wallets, cards and cash endpoints.
