A new era is opening in the world of cross-border payments. Centiglobe and Mastercard Move have united to revolutionize payment solutions. Together, they offer a unique integration that will transform the financial experience.
Thanks to this collaboration, financial institutions can now access a wide range of fund transfer options through Centiglobe’s blockchain-based payment platform. This integration enables efficient expansion of cross-border payment operations, optimizing liquidity management and reducing transaction costs. Unlike traditional models, Centiglobe provides a scalable platform with fixed costs based on transaction volume, particularly benefiting businesses with high transaction flows. This synergy also opens new revenue streams while minimizing counterparty risks.
In a world where digital transformation is constantly reshaping the financial landscape, the partnership between Centiglobe and Mastercard marks a significant step towards improved global payment connectivity. This innovative collaboration enables Centiglobe clients to easily access Mastercard Move through a unique integration, thereby opening new perspectives for financial institutions and payment service providers.
What are the benefits of the integration between Centiglobe and Mastercard Move?
The integration of Mastercard Move into the blockchain-based payment platform of Centiglobe offers a myriad of advantages for banks and payment service providers. By centralizing access to an extensive range of money transfer options, this collaboration allows for an increased scalability of cross-border payment operations. Financial institutions can now optimize their liquidity management, minimize transaction costs, and reduce counterparty risks through the use of tokenized deposits.
Unlike traditional cross-border payment models that charge per transaction, Centiglobe offers a fixed cost model based on transaction volume. This approach is particularly advantageous for businesses and financial institutions with high transaction flows, enabling them to achieve substantial savings while benefiting from a robust and secure infrastructure.
Petter Sandgren, CEO of Centiglobe, emphasizes the importance of this integration: “By integrating Mastercard Move, we enable our members and their clients to expand their reach and access to global payments while collaborating with Mastercard to drive new growth opportunities.”
How does this collaboration impact financial service providers?
Financial service providers directly benefit from this synergy between Centiglobe and Mastercard. By accessing Mastercard Move through Centiglobe’s platform, they can offer their clients fast and secure global money transfer solutions. This results in an enhanced user experience, with transfers executed in near real-time, without requiring additional complex integrations.
Local payment providers, for example, can now facilitate almost instantaneous international payments, thus opening new opportunities for their business and individual clients. This ability to provide fast and reliable transactions enhances the competitiveness of providers in the global market, while meeting the growing demand for agile and secure payment solutions.
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, adds: “At Mastercard, we are committed to enabling fast, secure, and accessible cross-border transactions for businesses and individuals. Our collaboration with Centiglobe expands access to Mastercard Move, thus providing improved payment connections to a greater number of businesses and consumers worldwide.”
What are the unique advantages of the Centiglobe blockchain-based platform?
The Centiglobe platform stands out for its use of blockchain and tokenized deposits, thus offering an innovative and secure payment infrastructure. This technology allows for increased transparency and a significant reduction in fraud risks, ensuring that every transaction is verified and immutable. Moreover, the automation of payment processes and optimized liquidity management not only makes transactions faster but also more efficient.
With Centiglobe, financial institutions can also explore new revenue sources through service diversification. The ability to handle a high volume of transactions at a fixed cost represents a major economic opportunity, especially for businesses with significant cross-border payment needs.
Furthermore, the integration with Mastercard Move allows Centiglobe to offer a comprehensive range of money transfer solutions, covering over 180 countries and 150 currencies, with access to more than 95% of the global banking population. This global reach ensures that users can benefit from borderless payment services, thereby supporting an interconnected global economy.
How do Centiglobe and Mastercard contribute to innovation in payments?
Innovation is at the heart of the collaboration between Centiglobe and Mastercard. By combining Centiglobe’s technological expertise with Mastercard’s extensive network and solutions, the two companies push the boundaries of what is possible in the field of payments. This synergy fosters the development of new features and constantly improves existing services, ensuring that users always have the most advanced tools to manage their financial transactions.
For instance, the introduction of instant payments in Switzerland, detailed in the article Official launch of instant payments in Switzerland, perfectly illustrates how technological innovation can meet the evolving needs of consumers and businesses. Similarly, the future of payments in 2025, explored in The future of payments: the 50 fintech innovations of 2025, shows how partnerships like that of Centiglobe and Mastercard are essential for shaping the future of the financial sector.
Moreover, fintech startups like Highnote, mentioned in The fintech startup Highnote reaches a valuation of over 750 million dollars in the payments sector, demonstrate the potential for continued growth and innovation in this space. These initiatives show that innovation is not just a trend, but a necessity to stay competitive and relevant in the payments industry.
What impacts does this collaboration have on end users?
End users directly benefit from the collaboration between Centiglobe and Mastercard through faster, more secure, and accessible transactions. Whether for individual consumers or businesses, access to global and flexible payment solutions enhances the user experience by providing simplified and efficient money transfer options.
For example, the flexible payment solutions offered by TickPick and Klarna, mentioned in TickPick and Klarna: flexible payments for your live event tickets, demonstrate how innovative payment services can meet users’ specific needs for flexibility and convenience. Similarly, the payment automation introduced by GoCardless for Rent The Roo clients, mentioned in GoCardless introduces payment automation for Rent The Roo clients and eliminates non-payment fees, illustrates how technological innovation can reduce friction and enhance the efficiency of financial transactions.
Additionally, the global reach of the collaboration allows users to more easily participate in international markets, thereby facilitating cross-border transactions and fostering a more integrated and interconnected economy. This results in greater accessibility and a better user experience for consumers and businesses, regardless of their geographical location.
What future developments are anticipated by Centiglobe and Mastercard?
As the collaboration between Centiglobe and Mastercard continues to evolve, several exciting initiatives are planned to further enhance payment connectivity. There will be a focus on improving blockchain technologies and expanding money transfer services to cover new markets and meet the diverse needs of users.
Additionally, both companies are looking to collaborate on developing new financing solutions and advanced data analytics tools to provide valuable insights to financial institutions. These developments aim not only to enhance security and efficiency of transactions but also to deliver tailored solutions that meet the specific requirements of different customer segments.
Furthermore, there will also be an emphasis on sustainability and financial inclusion, ensuring that payment services are accessible to a larger number of people, including those in underbanked regions. This long-term vision demonstrates Centiglobe and Mastercard’s commitment to creating a more equitable and sustainable payment ecosystem on a global scale.
In summary, this collaboration between Centiglobe and Mastercard is a clear demonstration of how technological innovation and strategic partnerships can transform the payments sector, offering faster, secure, and accessible solutions to meet the evolving needs of users around the world.
