Ericsson and Mastercard have partnered to integrate Ericsson’s Fintech Platform with Mastercard Move, enabling telecoms, banks, and fintechs to expand digital wallets, launch new payment services, and reach unbanked communities. The collaboration aims to simplify cross-border payments, accelerate digital adoption, and drive financial inclusion globally. (Image: Ericsson)
18 February 2026
Ericsson and Mastercard have announced a collaboration designed to reshape how money moves across the globe. By integrating the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move—Mastercard’s portfolio of money movement solutions—the partnership aims to empower telecom service providers, banks, and fintechs to expand digital wallet capabilities, launch new payment services, and reach unbanked or underbanked communities.
The collaboration simplifies fintech connectivity through Ericsson’s pre-integrated APIs, cloud-native deployment, and compliance-ready infrastructure. According to the companies, this reduces technological complexity, lowers operational barriers, and accelerates time to market for new payment services, driving innovation and growth across the sector.
“Mastercard Move empowers payment service providers to shape the future of money movement – delivering fast, secure and transparent transfers for individuals and businesses worldwide. By integrating with Ericsson’s fintech platform, we’re opening new pathways for telecom operators, financial institutions and fintechs to scale innovative payment services, reach underserved communities and unlock fresh revenue streams. This collaboration not only meets the rising demand for digital cross-border payments, but also accelerates progress toward a more connected, inclusive and dynamic global digital economy,” said Pratik Khowala, Global Head of Transfer Solutions, Mastercard.
The collaboration focuses on financial inclusion and accessibility. Mastercard Move currently facilitates money movement across 200 countries and territories, connecting over 17 billion endpoints and supporting transactions in 150 currencies. Ericsson’s fintech platform operates in 22 countries, serving more than 120 million active users and processing over 4 billion transactions monthly across digital wallets, payments, remittances, lending, and loyalty services—all with enterprise-grade security.
“Joining forces with Mastercard marks a bold step toward the future of money movement. Combining Ericsson’s trusted, scalable platform with Mastercard Move enables our customers to launch secure and efficient payment solutions faster than we ever have before. Together, we are driving financial inclusion, accelerating innovation, and creating new growth opportunities across the globe,” said Pavan Bachwal, Head of Mobile Financial Services, Ericsson.
The global rollout of the integrated solution will begin in the Middle East and Africa, where mobile money, remittances, and interoperable payment services are in high demand. By combining the reach and reliability of Ericsson’s platform with Mastercard Move’s extensive network, the partnership aims to accelerate digital payment adoption, enhance cross-border transfers, and expand participation in the digital economy.
The collaboration is expected to open new revenue streams for telecom operators, fintechs, and banks while increasing financial accessibility for underserved populations worldwide.
About the Companies
Mastercard powers economies and enables financial inclusion in over 200 countries and territories, supporting secure, simple, and accessible digital payments across multiple channels.
Ericsson provides programmable networks and mobile connectivity solutions for billions of users globally, pioneering technology that enables service providers and enterprises to create the digital world of tomorrow.
Source: Ericsson
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