Mastercard announced that banks and fintechs in Asia Pacific can now connect to its network up to four times faster through its cloud-based solution, Mastercard Cloud Edge.
The service, offered in collaboration with cloud providers, including Amazon Web Services (AWS), is aimed at helping firms roll out new payment tools more efficiently.
Cloud Edge enables issuers, acquirers, network enablement partners, processors, and other payment providers to connect directly to Mastercard via cloud infrastructure rather than relying on traditional, on-premise systems.
The solution is designed to reduce onboarding time, lower capital and maintenance costs, avoid physical data center overheads, and meet regulatory requirements around local data storage and processing.
It also supports integration with modern payment technologies, such as ISO 20022-based Transaction APIs, and offers private, seamless connectivity across the region.
Global fintech infrastructure provider Episode Six is among the companies using Cloud Edge to support clients in the region as they build digital payment offerings, including credit and B2B payments.
Mastercard said the service is currently available in markets including India, Australia, Singapore, Hong Kong, and Thailand, as well as in the United States, Canada, Europe, Latin America, the Caribbean, the Middle East, and Africa.
“Cloud Edge reinforces Mastercard’s commitment to resiliency, redundancy and security while offering customers cost efficiency as well as greater choice, speed and flexibility.
For instance, with cloud computing, fintechs can serve customers easily during demand spikes like national holidays or sales events without needing more physical infrastructure.”
said Sandeep Malhotra, Executive Vice President, Core Payments, Asia Pacific, Mastercard.
“The AWS Regions across Asia Pacific offer Mastercard extensive connectivity and secure cloud services.
Together with Mastercard’s global footprint, this provides organisations in the region with payment network access at low latency, ensuring seamless operations as well as compliance with regional data residency regulations,”
said Scott Mullins, Managing Director, Financial Services, AWS.
Cloud adoption continues to rise in Asia Pacific, where fintechs are projected to grow nearly three times faster than traditional banks through 2028, driven by demand in emerging markets.
Mastercard said the shift to cloud is key to supporting this growth, with the regional market expected to reach nearly US$311 billion by 2029.
Globally, cloud computing is expected to account for over US$1 trillion in value among the top 500 companies.
Featured image: Edited by Fintech News Singapore, based on image by AbulKalamAzad0420 via Freepik
