{"id":38000,"date":"2025-08-31T23:28:53","date_gmt":"2025-08-31T17:58:53","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=38000"},"modified":"2025-08-31T23:28:55","modified_gmt":"2025-08-31T17:58:55","slug":"mastercard-infosys-cross-border-payments","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/","title":{"rendered":"Mastercard Infosys Cross-Border Payments Partnership: Boosting Global Remittances with Finacle Integration"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Mastercard_Infosys_cross-border_payments_partnership_integrates_Mastercard_Move_with_Infosys_Finacle_boosting_secure_fast_and_cost-effective_global_remittance_solutions_across_200_countries\" >Mastercard Infosys cross-border payments partnership integrates Mastercard Move with Infosys Finacle, boosting secure, fast, and cost-effective global remittance solutions across 200+ countries.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Mastercard_and_Infosys_Join_Hands_to_Transform_Cross-Border_Payments\" >Mastercard and Infosys Join Hands to Transform Cross-Border Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Integrating_Infosys_Finacle_with_Mastercard_Move_A_Game_Changer\" >Integrating Infosys Finacle with Mastercard Move: A Game Changer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Global_Reach_200_Countries_150_Currencies_95_of_Banked_Population\" >Global Reach: 200+ Countries, 150+ Currencies, 95% of Banked Population<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Statements_from_Key_Leaders_Vision_and_Impact\" >Statements from Key Leaders: Vision and Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Conclusion_Strengthening_the_FinTech_Ecosystem\" >Conclusion: Strengthening the FinTech Ecosystem<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#B_Why_This_News_Is_Important\" >B) Why This News Is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Heading_Significance_of_the_Mastercard%E2%80%93Infosys_Partnership\" >Heading: Significance of the Mastercard\u2013Infosys Partnership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Heading_Relevance_for_Government_Exam_Aspirants\" >Heading: Relevance for Government Exam Aspirants<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#C_Historical_Context\" >C) Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Heading_Background_of_Cross-Border_Payments_and_Digital_Integration\" >Heading: Background of Cross-Border Payments and Digital Integration<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#D_Key_Takeaways_from_This_News\" >D) Key Takeaways from This News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Key_Takeaways_from_%E2%80%9CMastercard%E2%80%93Infosys_Cross-Border_Payments%E2%80%9D\" >Key Takeaways from \u201cMastercard\u2013Infosys Cross-Border Payments\u201d<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#1_What_is_the_Mastercard%E2%80%93Infosys_partnership_about\" >1. What is the Mastercard\u2013Infosys partnership about?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#2_What_is_Mastercard_Move\" >2. What is Mastercard Move?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#3_How_does_Infosys_Finacle_help_in_this_collaboration\" >3. How does Infosys Finacle help in this collaboration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#4_Why_is_this_partnership_important_for_India\" >4. Why is this partnership important for India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#5_What_percentage_of_the_global_banked_population_does_Mastercard_Move_cover\" >5. What percentage of the global banked population does Mastercard Move cover?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#6_How_does_this_news_relate_to_government_exams\" >6. How does this news relate to government exams?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#7_What_challenges_in_cross-border_payments_does_this_address\" >7. What challenges in cross-border payments does this address?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#8_Which_regions_benefit_the_most_from_this_partnership\" >8. Which regions benefit the most from this partnership?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#9_Who_are_the_key_leaders_quoted_in_this_partnership_announcement\" >9. Who are the key leaders quoted in this partnership announcement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#10_What_could_be_the_exam_relevance_of_this_partnership\" >10. What could be the exam relevance of this partnership?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/mastercard-infosys-cross-border-payments\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mastercard_Infosys_cross-border_payments_partnership_integrates_Mastercard_Move_with_Infosys_Finacle_boosting_secure_fast_and_cost-effective_global_remittance_solutions_across_200_countries\"><\/span><strong>Mastercard Infosys cross-border payments<\/strong> partnership integrates Mastercard Move with Infosys Finacle, boosting secure, fast, and cost-effective global remittance solutions across 200+ countries.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mastercard_and_Infosys_Join_Hands_to_Transform_Cross-Border_Payments\"><\/span>Mastercard and Infosys Join Hands to Transform Cross-Border Payments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In a significant move underscoring the global push toward seamless digital payments, <strong>Infosys<\/strong> and <strong>Mastercard<\/strong> have announced a strategic collaboration to strengthen cross-border money transfers. This partnership is designed to scale and simplify access to <strong>Mastercard Move<\/strong>\u2014Mastercard\u2019s advanced suite for seamless global money movement <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Integrating_Infosys_Finacle_with_Mastercard_Move_A_Game_Changer\"><\/span>Integrating Infosys Finacle with Mastercard Move: A Game Changer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By integrating <strong>Mastercard Move<\/strong> with <strong>Infosys Finacle<\/strong>\u2014the composable banking platform from EdgeVerve\u2014financial institutions can now implement cross-border payment systems <strong>much faster and with fewer resources<\/strong> than traditional methods require  This integration promises efficient, low-touch adoption for banks, non-bank financial institutions, and direct disbursers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Reach_200_Countries_150_Currencies_95_of_Banked_Population\"><\/span>Global Reach: 200+ Countries, 150+ Currencies, 95% of Banked Population<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard Move currently supports transfers across more than <strong>200 countries<\/strong>, over <strong>150 currencies<\/strong>, and reaches over <strong>95% of the global banked population<\/strong>  This expansive coverage ensures financial institutions can meet diverse customer needs, especially in regions with high remittance flows.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Statements_from_Key_Leaders_Vision_and_Impact\"><\/span>Statements from Key Leaders: Vision and Impact<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pratik Khowala<\/strong> (EVP &amp; Global Head of Transfer Solutions, Mastercard) emphasized how this collaboration empowers institutions to ensure <strong>fast, secure<\/strong>, and <strong>cost-efficient cross-border payments<\/strong>, while enhancing risk, operations, cost, and liquidity management<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Anouska Ladds<\/strong> (EVP, Commercial &amp; New Payment Flows, Asia Pacific, Mastercard) highlighted the growing <strong>global remittance market<\/strong>, especially in Asia, and the need for scalable solutions to meet rising demand <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the Infosys side, <strong>Dennis Gada<\/strong> (EVP &amp; Global Head of Banking &amp; Financial Services) spoke about how daily payment reliability is central to customer loyalty and how this partnership aims to elevate customer experiences through <strong>near real-time cross-border payments<\/strong> . Meanwhile, <strong>Sajit Vijayakumar<\/strong> (CEO, Infosys Finacle) remarked on how combining Mastercard\u2019s global money movement capabilities with Finacle\u2019s agility equips banks to deliver <strong>secure and swift cross-border experiences<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_Strengthening_the_FinTech_Ecosystem\"><\/span>Conclusion: Strengthening the FinTech Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This collaboration between Mastercard and Infosys exemplifies the evolving fintech landscape, bridging global payment capabilities with scalable banking infrastructure. For students preparing for competitive exams, this development shines a spotlight on future-ready digital infrastructure, regulatory environments, global remittance trends, and international finance\u2014critical topics across syllabi from Banking and Finance to Economy and International Relations.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\" id=\"Mastercard-Infosys-cross-border-payments\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTwnUqLxRk4PEx5ZJYZxKgYoI7PcaapUhh47g&amp;s\" alt=\"Mastercard Infosys cross-border payments\" style=\"width:503px;height:auto\" title=\"Mastercard Infosys cross-border payments\"\/><figcaption class=\"wp-element-caption\">Mastercard Infosys cross-border payments<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"B_Why_This_News_Is_Important\"><\/span>B) Why This News Is Important <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Heading_Significance_of_the_Mastercard%E2%80%93Infosys_Partnership\"><\/span>Heading: Significance of the Mastercard\u2013Infosys Partnership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This partnership is a <strong>landmark development<\/strong> in the global digital payments domain. By merging Mastercard\u2019s expansive <strong>Move infrastructure<\/strong> with Infosys\u2019s flexible <strong>Finacle platform<\/strong>, financial institutions can now access <strong>cross-border payment capabilities more efficiently and cost-effectively<\/strong>. This is especially vital for countries reliant on remittances, fintech innovation, and digital financial inclusion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Heading_Relevance_for_Government_Exam_Aspirants\"><\/span>Heading: Relevance for Government Exam Aspirants<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For aspirants preparing for exams like UPSC, SSC, Banking, Railways, or PSCS, understanding this collaboration is crucial. It touches upon key topics such as <strong>international remittances<\/strong>, <strong>digital payment systems<\/strong>, <strong>public\u2013private partnerships in fintech<\/strong>, and <strong>global financial inclusion strategies<\/strong>. Moreover, it illustrates how Indian IT services (like Infosys) are pivotal in driving <strong>international financial technology leadership<\/strong>\u2014a strong talking point in economy and governance segments of exams.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"C_Historical_Context\"><\/span>C) Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Heading_Background_of_Cross-Border_Payments_and_Digital_Integration\"><\/span>Heading: Background of Cross-Border Payments and Digital Integration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Cross-border remittances have long been dominated by legacy systems such as SWIFT, often criticized for being <strong>slow, expensive<\/strong>, and <strong>inefficient<\/strong>. Over the past decade, fintech innovations have aimed to close these gaps.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard introduced <strong>Mastercard Move<\/strong> to streamline secure money movement globally. Meanwhile, <strong>Infosys Finacle<\/strong> emerged as a leading digital banking platform capable of enabling composable, agile deployment of payment systems. The collaboration of these two platforms represents a convergence of <strong>global payment infrastructure and Indian banking technology innovation<\/strong>. This marks an important milestone in the evolving narrative of fintech-led modernization in cross-border payments.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D_Key_Takeaways_from_This_News\"><\/span>D) Key Takeaways from This News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CMastercard%E2%80%93Infosys_Cross-Border_Payments%E2%80%9D\"><\/span>Key Takeaways from \u201cMastercard\u2013Infosys Cross-Border Payments\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>Mastercard Move integrates with Infosys Finacle to enable faster, resource-efficient cross-border payment adoption.<\/td><\/tr><tr><td>2<\/td><td>Mastercard Move covers over 200 countries, supports 150+ currencies, and reaches more than 95% of the global banked population.<\/td><\/tr><tr><td>3<\/td><td>The collaboration aims to provide financial institutions with <strong>fast, secure<\/strong>, and <strong>cost-effective<\/strong> international transaction capabilities.<\/td><\/tr><tr><td>4<\/td><td>Central Asia and other high-remittance regions particularly benefit from scalable cross-border infrastructures.<\/td><\/tr><tr><td>5<\/td><td>This partnership highlights the role of Indian IT firms (Infosys) and global payment networks (Mastercard) in reshaping the global fintech landscape\u2014important for exam syllabus on economy and international cooperation.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Mastercard Infosys cross-border payments<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span>FAQs: Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_is_the_Mastercard%E2%80%93Infosys_partnership_about\"><\/span>1. What is the Mastercard\u2013Infosys partnership about?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The partnership aims to integrate Mastercard Move, a global money movement platform, with Infosys Finacle to simplify and scale cross-border payments for financial institutions worldwide.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_Mastercard_Move\"><\/span>2. What is Mastercard Move?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard Move is Mastercard\u2019s suite of solutions that enables fast, secure, and cost-efficient cross-border payments, covering over 200 countries and supporting more than 150 currencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_How_does_Infosys_Finacle_help_in_this_collaboration\"><\/span>3. How does Infosys Finacle help in this collaboration?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Infosys Finacle, a digital banking platform, allows banks and financial institutions to adopt Mastercard Move capabilities quickly and with fewer resources.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Why_is_this_partnership_important_for_India\"><\/span>4. Why is this partnership important for India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It highlights India\u2019s role in global fintech, with Infosys providing advanced IT solutions that strengthen international financial services, boosting India\u2019s reputation in digital payments innovation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_percentage_of_the_global_banked_population_does_Mastercard_Move_cover\"><\/span>5. What percentage of the global banked population does Mastercard Move cover?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mastercard Move reaches over 95% of the world\u2019s banked population.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_How_does_this_news_relate_to_government_exams\"><\/span>6. How does this news relate to government exams?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It connects with topics like international economy, digital finance, remittances, global trade, and India\u2019s IT leadership\u2014important for Banking, UPSC, SSC, and RBI exams.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_What_challenges_in_cross-border_payments_does_this_address\"><\/span>7. What challenges in cross-border payments does this address?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It reduces delays, lowers costs, enhances transparency, and improves security in international remittance systems.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Which_regions_benefit_the_most_from_this_partnership\"><\/span>8. Which regions benefit the most from this partnership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Regions with high remittance activity, including South Asia and Central Asia, benefit the most due to increased efficiency in global money transfers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Who_are_the_key_leaders_quoted_in_this_partnership_announcement\"><\/span>9. Who are the key leaders quoted in this partnership announcement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Pratik Khowala (Mastercard), Anouska Ladds (Mastercard), Dennis Gada (Infosys), and Sajit Vijayakumar (Infosys).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_What_could_be_the_exam_relevance_of_this_partnership\"><\/span>10. What could be the exam relevance of this partnership?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It can appear in exam questions on topics like fintech innovation, India\u2019s IT sector, globalization, digital payments, and international cooperation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" 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https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, 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Mastercard and Infosys Join Hands to Transform Cross-Border Payments In a significant move underscoring the global push toward seamless digital payments, Infosys and Mastercard have announced a strategic collaboration to strengthen cross-border money&#8230;<\/p>\n","protected":false},"author":6,"featured_media":38042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,137],"tags":[6638,467,27227,1073,4758,1040,25278,167,27228],"class_list":["post-38000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-agreements","tag-cross-border-payments","tag-digital-banking","tag-finacle","tag-fintech","tag-global-finance","tag-infosys","tag-international-remittance","tag-mastercard","tag-payment-innovation"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/38000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=38000"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/38000\/revisions"}],"predecessor-version":[{"id":38043,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/38000\/revisions\/38043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/38042"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=38000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=38000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=38000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}