Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Mastercard’s Multi-Token Network (MTN) has connected with Kinexys Digital Payments to enhance B2B cross-border payments. This integration aims to improve the availability of payment settlement solutions for business applications using MTN.
According to the update, Kinexys Digital Payments is a next-generation payment rail that supports real-time value transfer, utilizing commercial bank money. This service is offered through Kinexys by J.P. Morgan, the firm’s blockchain business unit.
Mastercard’s MTN Integration With Kinexys Enhances B2B Cross-Border Payments
Mastercard’s MTN combines API-enabled, blockchain-based tools and standards, creating a platform for innovative business models. The goal of MTN is to offer solutions for businesses in need of fast, secure, and efficient cross-border payments.
Kinexys Digital Payments, provided by J.P. Morgan, and Mastercard both focus on improving commercial transaction efficiency. These solutions aim to enhance the cross-border payment experience by offering faster settlements, greater transparency, and reduced time zone issues.
With the integration of Mastercard’s MTN and Kinexys Digital Payments, customers of both companies will be able to settle B2B transactions through a single API connection.
This integration offers businesses the ability to streamline their payment processes, making cross-border transactions more accessible and efficient.
Naveen Mallela, Co-Head of Kinexys by J.P. Morgan, stated that the solutions provided by Kinexys could transform the digital global commerce and digital asset ecosystem.
He emphasized that the availability of commercial bank payment rails can improve transaction venues by integrating with digital marketplaces and platforms.
Mallela expressed excitement about supporting clients who are engaging with the MTN ecosystem and collaborating with Mastercard in the digital space.
Mastercard MTN And Kinexys Collaboration Unlocks Advanced Payment Solutions
Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, noted that Mastercard and Kinexys have a history of innovation. He said both companies have focused for years on advancing the digital asset and commercial infrastructure sectors.
He explained that by combining the power of Mastercard’s MTN with Kinexys Digital Payments, they are offering greater speed and settlement capabilities across the entire value chain.
Dhamodharan expressed enthusiasm about the integration, as it opens up new use cases and demonstrates the strengths and innovations of both organizations.
Mastercard, a leader in digital payments, operates in over 200 countries and territories globally. The company focuses on creating sustainable economies by offering secure, simple, and smart transaction options.
Mastercard partners with businesses and governments to provide products and services that help people and organizations reach their full potential. The integration with Kinexys Digital Payments highlights Mastercard’s commitment to enhancing cross-border payment solutions for businesses.
