Mastercard Multi-Token Network is connecting with JPMorgan’s ambitious Kinexys Digital Payments for faster settlement.
Mastercard and JPMorgan have joined forces for a new business-to-business cross-border payment solution. Mutual customers of Mastercard’s Multi-Token Network (MTN) and JPMorgan’s Kinexys Digital Payments will now be able to settle transactions through a single application programming interface (API) integration.
Thanks to the MTN and Kinexys linkup, MTN will provide enhanced payment availability while reducing “time zone friction” and increasing transparency and settlement speed.
“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,” Kinexys by J.P. Morgan co-head Naveen Mallela said in a statement.
