Mastercard MTN Partners with Kinexys Digital Payments to Revolutionize B2B Cross-Border Transactions

November 19, 2024 – In a groundbreaking development for the world of digital payments, Mastercard’s Multi-Token Network (MTN) has announced its integration with Kinexys Digital Payments, powered by J.P. Morgan. This collaboration aims to transform B2B cross-border transactions, making them faster, more transparent, and more efficient.

A New Era in B2B Payments

Mastercard's MTN is an advanced blockchain-based platform offering API-enabled tools and standards designed to power innovative business models. By integrating with Kinexys Digital Payments—a cutting-edge payment rail that leverages commercial bank money for real-time value transfer—businesses now have access to a seamless solution for settling cross-border payments.

This collaboration addresses longstanding challenges in global commercial transactions, such as time zone delays and a lack of transparency, providing businesses with:

• Faster Settlements: Near-instant transaction processing.

• Enhanced Transparency: Greater clarity on payment status.

• Improved Efficiency: A streamlined API integration for seamless connectivity.

Streamlining Payments with Unified Solutions

The integration allows mutual customers of Mastercard MTN and Kinexys to settle B2B transactions through a single API. This unified approach reduces complexity for businesses while unlocking greater operational efficiency.

Naveen Mallela, co-head of Kinexys by J.P. Morgan, highlighted the transformative potential of this partnership:

“At Kinexys, we believe our solutions can play a transformative role in the ecosystem for digital global commerce and digital assets. Our commercial bank payment rails natively integrate with any digital marketplace or platform, enhancing the value proposition of commercial transaction venues. We look forward to supporting our clients engaging with the MTN ecosystem and collaborating further with Mastercard in the digital space.”

Innovating the Future of Payments

Both Mastercard and J.P. Morgan’s Kinexys have long been at the forefront of blockchain and digital asset innovation. This partnership represents a step forward in building the commercial infrastructure of the future.

Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, emphasized:

“For years, both Mastercard and Kinexys by J.P. Morgan have been committed to innovating for the future of digital asset and commercial infrastructure. By bringing together the power and connectivity of Mastercard’s MTN with Kinexys Digital Payments, we are unlocking greater speed and settlement capabilities for the entire value chain. We are excited about this integration and the new use cases it will bring to life, leveraging the strengths and innovations of both organizations.”

A Unified Vision for Digital Commerce

This partnership underscores the commitment of Mastercard and Kinexys to advancing global commerce by integrating cutting-edge technologies into payment ecosystems. As businesses increasingly demand faster, more transparent, and efficient payment solutions, this collaboration is poised to deliver unparalleled value.

Through their combined efforts, Mastercard’s MTN and Kinexys Digital Payments are setting a new standard for B2B cross-border transactions, enabling businesses worldwide to thrive in an increasingly interconnected digital economy.