Ericsson and Mastercard have announced a strategic collaboration that aims to fundamentally reshape how money moves across the world. By integrating the Ericsson Fintech Platform, also known as its Mobile Financial Services platform, with Mastercard Move Mastercard’s global portfolio of money movement solutions the two companies are creating a powerful infrastructure designed to expand digital wallet capabilities, accelerate payment innovation, and increase access to financial services for underserved communities.
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At the heart of the collaboration is seamless integration. Ericsson’s pre-integrated APIs, cloud-native deployment model, and compliance-ready infrastructure significantly reduce the complexity typically associated with fintech connectivity. By embedding Mastercard Move directly into Ericsson’s platform, telecom operators, banks, and fintech companies can launch new payment services more efficiently, lower operational barriers, and shorten time to market. The result is a simplified pathway to innovation, enabling providers to scale faster while maintaining enterprise-grade security and regulatory compliance.
The partnership is about more than technical efficiency. It is designed to transform how financial services are built, delivered, and scaled across both emerging and developed markets. By combining Ericsson’s mobile financial reach with Mastercard’s global payment network, the collaboration opens new revenue streams and strengthens digital ecosystems worldwide.
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Financial inclusion stands at the core of this initiative. Mastercard Move supports money transfers across more than 200 countries and territories, connecting over 17 billion endpoints and enabling transactions in 150 currencies. Ericsson’s fintech platform operates in 22 countries and serves more than 120 million active users, processing over four billion transactions every month across digital wallets, remittances, lending, payments, and loyalty programs. Together, these capabilities create a bridge between global payment infrastructure and local mobile financial networks.
The global rollout of the integrated solution will begin in the Middle East and Africa, regions where demand for mobile money, remittances, and interoperable payment services continues to grow rapidly. By focusing first on markets with strong mobile adoption but varying levels of traditional banking penetration, the partnership aims to accelerate participation in the digital economy and expand access to secure, transparent financial services.
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, emphasised that Mastercard Move empowers payment service providers to deliver fast, secure, and transparent transfers worldwide. He noted that integrating with Ericsson’s platform opens new pathways for telecom operators and financial institutions to scale innovative payment services and reach underserved communities, while meeting rising demand for digital cross-border payments.
Pavan Bachwal, Head of Mobile Financial Services at Ericsson, described the collaboration as a bold step toward the future of money movement. By combining Ericsson’s scalable fintech platform with Mastercard Move, he highlighted the ability for customers to deploy secure and efficient payment solutions faster than ever before, while driving innovation and financial inclusion globally.
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In a world increasingly shaped by digital infrastructure, this collaboration signals a shift toward more connected, interoperable, and inclusive financial ecosystems. By merging telecom-driven fintech platforms with global payment rails, Ericsson and Mastercard are not just expanding digital payment capabilities they are redefining how money flows across borders and economies.
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