Mastercard unveiled Mastercard Move Commercial Payments at Sibos, enabling near real-time cross-border transactions with Citi in 14 markets.

Mastercard has unveiled its Mastercard Move Commercial Payments at the Sibos conference in Beijing. This innovation aims to enhance cross-border commercial payments by providing near real-time transactions that are predictable and transparent. In collaboration with Citi, Mastercard will enable instant payments to Mastercard debit cards in 14 markets, enhancing efficiency in global payments. The initiative addresses challenges faced by banks and aligns with G20 goals for cross-border payment improvements by 2027.

October 20, 2024
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