Ericsson and Mastercard have entered into a collaboration aimed at reshaping how money moves globally.
the partnership integrates the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, which serves as Mastercard’s portfolio of money movement solutions. The collaboration aims to empower telecom service providers, banks, and fintechs to expand their digital wallet capabilities, launch new payment services, and reach unbanked or underbanked communities.
Simplifying connectivity and infrastructure
To facilitate this integration, Ericsson is leveraging its pre-integrated application programming interfaces (APIs), cloud-native deployment, and compliance-ready infrastructure. This technological foundation is designed to simplify fintech connectivity to the Mastercard Move network.
According to the announcement, these combined capabilities aim to catalyse innovation and growth in the sector by offering several key advantages:
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They reduce technology complexity.
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They lower operational barriers by simplifying integration, deployment, and compliance.
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They accelerate the time to market for new payment services.
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They create new revenue streams and strengthen digital ecosystems across both emerging and developed markets
Operating at a massive global scale
Financial inclusion and accessibility are central focuses of the collaboration, supported by the massive scale of both entities.
Mastercard Move enables money movement across 200 countries and territories. The network connects more than 17 billion endpoints and supports transactions in 150 currencies.
Concurrently, Ericsson’s fintech platform operates in 22 countries, serving an active user base of more than 120 million people. Backed by enterprise-grade security, the Ericsson platform processes more than 4 billion transactions every month across digital wallets, payments, remittances, lending, and loyalty services.
Targeting the Middle East and Africa
While the initiative is global, the initial rollout of the integrated solution will begin in the Middle East and Africa. The companies noted that the demand for mobile money, remittances, and interoperable payment services is particularly strong in these regions.
Pratik Khowala, global head of transfer solutions at Mastercard, highlighted the strategic value of the collaboration: “Mastercard Move empowers payment service providers to shape the future of money movement – delivering fast, secure and transparent transfers for individuals and businesses worldwide. By integrating with Ericsson’s fintech platform, we’re opening new pathways for telecom operators, financial institutions and fintechs to scale innovative payment services, reach underserved communities and unlock fresh revenue streams.”
He added: “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.”
Pavan Bachwal, head of mobile financial services at Ericsson, stated: “Joining forces with Mastercard marks a bold step toward the future of money movement. Combining Ericsson’s trusted, scalable platform with Mastercard Move enables our customers to launch secure and efficient payment solutions faster than we ever have before. Together, we are driving financial inclusion, accelerating innovation, and creating new growth opportunities across the globe.”