Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1)
1.
Which Indian IT company has partnered with Mastercard to integrate Mastercard Move into its Finacle platform for faster cross-border payments?
Answer: Option
Explanation:
Infosys has partnered with Mastercard to strengthen global cross-border payment solutions by integrating Mastercard Move into its Finacle banking platform. Mastercard Move is a portfolio of advanced money transfer capabilities that supports real-time, secure, and scalable transactions across more than 200 countries and 150 currencies. By embedding this system within Infosys Finacle, financial institutions can reduce integration complexities, improve payment speed and reliability, and enhance risk management. This collaboration highlights the growing role of digital payments in banking, while also supporting the increasing global demand for remittances, particularly in Asia, where India is a leading beneficiary of cross-border money flows.
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