Mastercard: Partnered with R3

Mastercard: Partnered with R3

Mastercard: Partnered with R3 to develop blockchain cross-border payments solution

  • The partnership will leverage R3’s Corda ecosystem connects 300 of the world’s leading financial services firms
  • Initially the project will focus on connecting global faster payments infrastructures, schemes and banks
  • Developing a new and better cross-border B2B payments solution by improving worldwide connectivity
  • The partners aim to address problems such as liquidity management, high processing overheads and a lack of standardisation
  • Mastercard also acquired global payments company Transfast earlier this year