Mastercard’s Multi-Token Network (MTN) has integrated with J.P. Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails.
This platform, offered through J.P. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds.
This collaboration aims to streamline cross-border business transactions by offering a faster and more transparent settlement process, reducing friction and enhancing the efficiency of commercial transactions.
Through a single API integration, businesses using both MTN and Kinexys can now settle transactions more efficiently, reducing delays often associated with time zone differences.
This partnership combines Mastercard’s expertise in blockchain-based solutions with J.P. Morgan’s focus on secure and efficient payment rails.
This integration is expected to unlock new use cases and contribute to the ongoing transformation of the digital commerce ecosystem.
Naveen Mallela, Co-head of Kinexys by J.P. Morgan, said,
“At Kinexys, we believe our solutions can play a transformative role in the ecosystem for digital global commerce and digital assets, where the value proposition of commercial transaction venues is enhanced by the availability of commercial bank payment rails that can natively integrate with any digital marketplace or platform.
We look forward to supporting our clients engaging with the MTN ecosystem and collaborating further with Mastercard in the digital space.”
Raj Dhamodharan, Executive Vice President, Blockchain and Digital Assets at Mastercard, added,
“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.”
Featured image credit: Edited from Freepik
