Cross border payments are essential, but they can be slow and costly. Finastra teamed up with Mastercard and IBIS to solve this: they created a new cross border solution, providing banks easy access to a new set of payment rails that reduces previous costs and time consuming processes. By using Finastra’s Financial Messaging solution and marketplace, banks can seamlessly integrate Mastercard’s payment rails and enjoy reduced fees, increased speed & transparency, and flexibility of end points. With IBIS’s Caribbean expertise, this solution is not only transforming the financial services industry, but enabling other industries to benefit too.
Finastra’s Cross Border Payment Solution
Entered in: Cross-Border Payments