Their solutions are claimed to improve cross-border payment experiences by offering transparency, faster settlement times, and reducing the impact of time zone differences. Credit: hodim/ Shutterstock.

Mastercard has integrated its Multi-Token Network (MTN) with J.P. Morgan’s Kinexys Digital Payments, streamlining cross-border B2B payments. 

This collaboration is said to streamline the payment process for business applications on MTN, offering real-time value transfer using commercial bank money. 

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Kinexys Digital Payments, powered by Kinexys through J.P. Morgan’s blockchain business unit, represents a next-generation payment rail that is now connected to Mastercard’s MTN.  

The MTN itself is a platform that unites API-enabled, blockchain-based tools and standards designed to foster business models. 

Their solutions are claimed to improve cross-border payment experiences by offering transparency, faster settlement times, and reducing the impact of time zone differences. 

With the integration, clients who utilise both services will benefit from the ability to settle B2B transactions through a single API integration.  

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Kinexys by J.P. Morgan co-head Naveen Mallela 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.” 

Mastercard blockchain and digital assets executive vice president Raj Dhamodharan stated: “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.” 

Earlier this month, Mastercard disclosed its plans to eliminate manual card entry and passwords by 2030 using a combination of tokenisation and biometric authentication.  

This could potentially lower the risk of fraud associated with lost or stolen cards.