- Ericsson and Mastercard have formed a strategic partnership
- It links Ericsson’s fintech infrastructure with Mastercard’s global money movement capabilities
- The partnership is aimed at transforming the way funds are transferred internationally
Ericsson and Mastercard have formed a strategic partnership aimed at transforming the way funds are transferred internationally, linking Ericsson’s fintech infrastructure with Mastercard’s global money movement capabilities.
Under the agreement, Ericsson’s Fintech Platform (Mobile Financial Services) will be integrated with Mastercard Move, Mastercard’s portfolio of transfer and payout solutions.
The combined offering is tailored for telecommunications operators, banks and fintech providers, enabling them to enhance digital wallet functionality, introduce new payment products and broaden financial access for unbanked and underbanked populations.
Pavan Bachwal, Head of Mobile Financial Services at Ericsson, said: “Combining Ericsson’s trusted, scalable platform with Mastercard Move enables our customers to launch secure and efficient payment solutions faster than we ever have before.
“Together, we are driving financial inclusion, accelerating innovation, and creating new growth opportunities across the globe.”
Ericsson stated that its pre-integrated application programming interfaces (APIs), cloud-native deployment framework and compliance-ready infrastructure are designed to simplify connectivity with Mastercard Move.
By streamlining integration, deployment and regulatory processes, the approach is intended to reduce operational complexity and shorten the time required to introduce new payment services.
The two companies positioned the collaboration as a catalyst for expanding access to digital financial services on a global scale.
Mastercard Move currently facilitates money transfers in more than 200 countries and territories, linking over 17 billion endpoints and supporting transactions in 150 currencies.
Ericsson noted that its fintech platform operates across 22 countries, serving more than 120 million active users and processing over four billion transactions each month. These span digital wallets, payments, remittances, lending and loyalty services, underpinned by enterprise-grade security measures.
The initial rollout of Mastercard Move within Ericsson’s platform will begin in the Middle East and Africa, regions where demand for mobile money, remittance services and payment interoperability remains particularly strong.
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, said: “By integrating with Ericsson’s fintech platform, we are opening new pathways for telecom operators, financial institutions and fintechs to scale innovative payment services, reach underserved communities and unlock fresh revenue streams.
“This collaboration not only meets the rising demand for digital cross-border payments, but also accelerates progress toward a more connected, inclusive and dynamic global digital economy.”
Earlier this month, Mastercard signed a memorandum of understanding with the UAE Cyber Security Council to strengthen the resilience of the country’s digital ecosystem.
