Centiglobe partners with Mastercard Move to provide banks and payment service providers seamless access to near real-time cross-border payments via a single integration. This collaboration enhances scalability, reduces integration time, and offers access to over 180 countries and 150 currencies.
Centiglobe, a Swedish fintech specialising in blockchain-based cross-border payment solutions, has announced a strategic collaboration with Mastercard Move, Mastercard’s global money movement portfolio. This partnership will streamline cross-border transactions for banks and payment service providers (PSPs), offering near real-time payment processing through a single integration.
The integration allows Centiglobe’s network of regulated banks and PSPs to access Mastercard Move’s extensive payment solutions without requiring multiple technical integrations. This reduces operational complexity and accelerates the deployment of efficient cross-border payment services.
Petter Sandgren, CEO of Centiglobe, states: “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.”
Expanding access to Mastercard Move’s global network
Mastercard Move provides fast and secure domestic and international money transfer solutions, covering over 180 countries and 150+ currencies. Its network reaches more than 95% of the world’s banked population, making it a powerful tool for financial institutions looking to enhance their cross-border payment capabilities.
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, comments:
“At Mastercard, we are committed to enabling fast, secure, and accessible cross-border transactions for businesses and people. 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.”
Centiglobe’s blockchain-powered payment platform
Centiglobe’s platform leverages blockchain technology and tokenised deposits to facilitate instant, secure, and cost-efficient cross-border transactions. Unlike traditional payment models, Centiglobe does not charge per transaction but instead offers a scalable pricing structure based on volume, making it ideal for institutions with high transaction flows.
Key benefits of Centiglobe’s solution include:
- New revenue streams for financial institutions.
- Optimised liquidity management and reduced counterparty risk.
- Lower transaction costs compared to traditional payment systems.
About Centiglobe
Centiglobe is a Swedish fintech company revolutionising global payments through blockchain and tokenised deposits. Its platform enables regulated banks and PSPs to execute instant, secure, and cost-effective cross-border transactions without intermediaries.
About Mastercard Move
Mastercard Move is Mastercard’s portfolio of money movement solutions, supporting personal payments, disbursements, and business transactions. It connects nearly 10 billion endpoints, serving an estimated 4.8 billion people, including over 95% of the world’s banked population. Mastercard Move services may be offered by licensed subsidiaries of Mastercard International Incorporated.
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