Mastercard and Ericsson have teamed up to streamline global money transfers and boost financial inclusion by integrating their digital payment platforms.
Pavan Bachwal, Ericsson’s Head of Mobile Financial Services, announced the partnership in a Wednesday statement. It links Ericsson’s Fintech Platform—operating in 22 countries and serving over 120 million active users—with Mastercard Move, the company’s suite of money movement solutions. This will enable telecom operators, banks, and fintechs to enhance digital wallets and launch new payment services.
The platform processes more than four billion transactions monthly across digital wallets, payments, remittances, lending, and loyalty services, backed by enterprise-grade security, pre-integrated APIs, cloud-based deployment, and compliance-ready infrastructure. Bachwal noted that connecting to Mastercard Move reduces technical hurdles, lowers operational barriers, and speeds up service rollouts.
“Together, we are driving financial inclusion, accelerating innovation, and creating new growth opportunities across the globe,” Bachwal said.
Mastercard’s Global Head of Transfer Solutions, Pratik Khowala, added that Mastercard Move supports money movement in 200 countries and territories, connecting over 17 billion endpoints and 150 currencies.
The partnership promises new revenue streams, stronger digital ecosystems in emerging and developed markets, and greater access for unbanked and underbanked communities. The global rollout kicks off in the Middle East and Africa, where demand for mobile money and remittances runs high.
