Backbase and Mastercard Team Up to Simplify Cross-Border Payments for Banks

Backbase has announced a strategic collaboration with Mastercard to embed Mastercard Move, Mastercard's portfolio of global money movement capabilities, into its AI-native Banking OS.

The collaboration is designed to accelerate adoption of near real-time cross-border payments among financial institutions worldwide, letting them deploy international payment solutions while reducing implementation complexity and time-to-market. Mastercard Move enables money movement across more than 200 countries and territories.

A pre-built Backbase connector to Mastercard Move is now available to Backbase customers. Banks can access the cross-border capabilities through a pre-integrated experience, supported by structured planning, technical assessment and delivery guidance, rather than building the plumbing themselves.

Backbase's Banking OS, unveiled in April, is designed so that every customer, employee and AI agent operates from the same foundation. Folding a global money-movement network into that platform gives banks a route to offer competitive cross-border payments without the lengthy integration work such capabilities have traditionally required.

The tie-up reflects a broader push to make international payments faster and easier for mid-sized banks to launch, as incumbents look to defend transaction revenue against fintech challengers that have made cross-border transfers a signature product.