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Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate nearreal-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondentbanking arrangements between respondents and correspondents.
Payments giant Mastercard has launched a new cross-border payments solution in a move to simplify operations, optimise liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.
Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. with Lloyds Banking Group and UBS.
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