Centiglobe, a fintech company specialising in cross-border payment infrastructure solutions, has announced a new collaboration with Mastercard Move – Mastercard’s portfolio of global money movement solutions.
With this collaboration, Mastercard Move will be available to members of Centiglobe’s blockchain-based payments platform – regulated banks and payment service providers – through a single integration.
“By integrating with Mastercard Move, we are enabling our members and their customers to expand their reach and access to global payments while jointly working with Mastercard to drive new growth opportunities. By leveraging our collaboration, a local payment provider can for example facilitate an international payment in near real-time without additional integrations” says Petter Sandgren, CEO of Centiglobe.
By integrating with Mastercard Move through Centiglobe’s payments platform, banks and payment service providers gain access to a broad range of money movement options, enabling them to scale their cross-border payment operations efficiently.
“At Mastercard, we are committed to enabling fast, secure and accessible cross-border transactions for businesses and people,” said Pratik Khowala, global head of transfer solutions, Mastercard.
“Our collaboration with Centiglobe provides a broader range of banks and payment service providers with seamless access to Mastercard Move, thereby extending the benefits of enhanced payment connectivity to even more businesses and consumers around the world.”
The companies
Mastercard Move provides direct disbursers, banks, non-bank financial institutions, and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 180 countries and 150+ currencies, with access to more than 95% of the world’s banked population.
Centiglobe’s mission is to reshape global payments with faster, more secure, and accessible cross-border transactions. With Centiglobe’s blockchain based platform powered by tokenised deposits, financial institutions can unlock new revenue streams, optimize liquidity management, minimise transaction costs, and reduce counterparty risk.
Unlike traditional cross-border payment models, Centiglobe does not charge per transaction. Instead, it offers a scalable platform with a fixed cost based on transaction volume, making it particularly advantageous for businesses and financial institutions with high transaction flows.
