Backbase integrates Mastercard Move for cross-border payments

By Milan Rojan

Backbase has announced a strategic collaboration with Mastercard to integrate Mastercard Move into its AI-native Banking OS, enabling banks to deploy cross-border payment services more quickly and with reduced implementation complexity.

The integration has provided Backbase customers with access to Mastercard Move through a pre-built connector, allowing financial institutions to incorporate international payment capabilities into existing digital banking experiences. The companies have said the arrangement is intended to accelerate the adoption of near real-time cross-border payments while reducing the effort associated with building and maintaining bespoke integrations.

Mastercard Move has enabled money movement across more than 200 countries and territories, connecting over 17 billion endpoints and supporting transactions in 150 currencies. By making the service available through the Backbase platform, banks have been able to access global payment capabilities through a single integration layer.

According to Backbase, the collaboration has streamlined payment flow management from customer initiation through to settlement and reconciliation. The company has also said the integration forms part of its broader ecosystem strategy, which brings together payments, fraud management, open banking, dispute management and other banking services within its AI-native Banking OS.

The partnership has sought to address growing demand for faster and more transparent international payments. While traditional correspondent banking models have often involved multiple intermediaries and limited visibility, customers and businesses have increasingly expected seamless cross-border transaction experiences.

Initially focused on financial institutions in the European Union, Middle East and North Africa regions, the collaboration has offered banks a pre-certified integration designed to shorten implementation timelines and accelerate time-to-market. The companies have also highlighted benefits including reduced integration costs, faster deployment and support for multiple payout options and currencies.

The pre-built Backbase connector to Mastercard Move has been made available to customers, supported by structured planning, technical assessment and implementation guidance. Through the collaboration, both companies have aimed to help financial institutions modernise cross-border payment offerings while improving operational efficiency and customer experience.