Ericsson, Mastercard team up to scale global money movement

By Vriti Gothi

Ericsson and Mastercard have collaborated to enhance global money movement capabilities and expand access to digital financial services, targeting telecom operators, banks, and FinTech providers.

The partnership integrates Ericsson’s FinTech Platform for Mobile Financial Services with Mastercard Move, the payments network’s cross-border and domestic money-transfer portfolio. The combined offering is designed to help service providers expand digital wallet functionality, launch new payment services, and reach unbanked and underbanked populations.

Ericsson said its pre-integrated application programming interfaces (APIs), cloud-native architecture, and compliance-ready infrastructure will simplify connectivity to Mastercard Move. The integration aims to reduce technical complexity, lower operational barriers, and shorten time to market for new payment products.

The collaboration reflects growing convergence between telecommunications and financial services, particularly in markets where mobile network operators play a central role in delivering digital financial access. By enabling telecom-led financial ecosystems to support interoperable and cross-border payments, the companies aim to strengthen digital economies across both emerging and developed markets.

Mastercard Move supports transfers across more than 200 countries and territories, connecting over 17 billion endpoints and enabling transactions in 150 currencies. Ericsson’s FinTech platform currently operates in 22 countries, serving more than 120 million active users and processing more than four billion transactions each month across wallets, payments, remittances, lending, and loyalty services.

The global rollout will begin in the Middle East and Africa, regions where demand for mobile money, remittances, and interoperable payment infrastructure continues to grow.

Pratik Khowala, Global Head of Transfer Solutions at Mastercard, said the integration will enable telecom operators, financial institutions, and FinTechs to scale digital payment services while improving access for underserved communities. “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,” he said.