- Mastercard’s Multi-Token Network (MTN) has integrated with J.P. Morgan’s Kinexys Digital Payments to streamline B2B cross-border payment settlements.
- The partnership enables businesses to settle transactions seamlessly through a single API.This collaboration addresses common cross-border payment challenges, such as delayed settlements and transparency issues, offering businesses faster and more efficient solutions.
What happened
Mastercard’s Multi-Token Network (MTN) has now integrated with J.P. Morgan’s Kinexys Digital Payments, aiming to transform B2B cross-border payment settlements. This partnership connects MTN’s blockchain-based tools and API-enabled platform with Kinexys’ advanced payment rails that facilitate real-time value transfers using commercial bank money.
Also read: Freight fintech Solvento secures $12.5M for US expansion
Also read: Does fibre optic improve WiFi? How it boosts your connection
The collaboration allows businesses using both systems to settle transactions efficiently through a single API, eliminating the complexities of managing multiple integrations. MTN, launched last year, serves as Mastercard’s programmable payment network powered by blockchain technology, while Kinexys focuses on enhancing global payment transparency and speed, reducing time zone delays, and streamlining cross-border financial operations.
Why this is important
Cross-border payments have long been plagued by inefficiencies, from delayed settlements to limited transparency. By integrating MTN with Kinexys Digital Payments, Mastercard and J.P. Morgan are addressing these pain points, offering businesses a seamless and unified payment experience.
This partnership also reflects a broader shift towards blockchain-based solutions in the financial industry, where major players are leveraging technology to simplify and accelerate commercial transactions. For companies navigating complex global supply chains, the ability to process payments faster and with fewer barriers offers a competitive edge. This integration could set a new standard for B2B payment solutions, paving the way for innovations in digital commerce.
