Mastercard Launches Global Money Platform With BVNK for Stablecoin Payments

Bybit



Mastercard has launched its Global Money Platform, integrating stablecoins and traditional currencies into a single payments infrastructure that allows businesses to hold, convert, transfer and spend digital assets across international markets.

The October 15 launch marks the first major product integration following Mastercard’s acquisition of stablecoin infrastructure provider BVNK in August 2026.

Banks, fintech companies and enterprises can now integrate multi-currency accounts, real-time conversions, stablecoin-linked cards and international payouts through one API.

The platform is already available through BVNK, with Nuvei, Marqeta, Ontop, Bolt Group and Almond FinTech among the first companies preparing integrations.

Stablecoins Connect to 17 Billion Payment Endpoints

Global Money Platform combines traditional bank balances and stablecoins within unified accounts, allowing customers to manage both forms of money without maintaining separate payment providers.

Businesses can hold fiat currencies and stablecoins, convert between them in real time and manage international supplier payments, customer collections and treasury operations.

The integration includes Mastercard Move, which reaches more than 17 billion payment endpoints worldwide.

Companies can fund transactions using stablecoin balances and deliver local-currency payments directly into recipients’ bank accounts.

Mastercard expects payout coverage to expand to more than 40 currencies across over 200 countries and territories during 2027.

The platform also supports stablecoin-funded card spending through Mastercard’s existing merchant acceptance network, which reaches hundreds of millions of locations globally.

Card issuance is available across more than 130 countries, allowing financial institutions and fintech companies to offer payment cards connected to digital-asset balances.

Supported infrastructure also spans more than 20 blockchain networks and payment rails, including integrations involving Stellar, Arc, Monad, Plasma and Tempo.

Mastercard Completes BVNK Integration After $1.8 Billion Deal

Mastercard initially agreed to acquire BVNK in March 2026 through a transaction valued at up to $1.8 billion, including $300 million in contingent payments.

The acquisition was completed on August 3, adding BVNK’s stablecoin processing, wallet infrastructure, currency conversion and blockchain connectivity to Mastercard’s existing payments business.

The new platform makes those capabilities available through a unified infrastructure layer rather than requiring customers to integrate multiple providers independently.

BVNK already supports enterprise stablecoin payments, including cross-border transfers, treasury management and settlement across blockchain networks.

Mastercard has separately expanded stablecoin settlement on Solana, allowing participating financial institutions to explore blockchain-based settlement outside conventional banking hours.

Global Money Platform extends those capabilities into customer-facing financial products, including embedded wallets and payment cards.

Nuvei and Marqeta Among First Integration Partners

Payments company Nuvei and card-issuing provider Marqeta are among the initial partners bringing Global Money Platform into their infrastructure.

The system allows participating companies to integrate digital-asset functionality under their own brands while using Mastercard and BVNK for payment processing, liquidity movement and account infrastructure.

Supported stablecoins include USDC and OUSD, with options for custodial and self-custodial wallets.

The platform also offers eligible balance rewards and programmable payment capabilities, allowing businesses to manage collections, conversions and payouts from a single integration.

Future development will include support for tokenized deposits and autonomous AI transactions, extending Mastercard’s existing work on payments for AI agents.

Global Money Platform is available through BVNK as of October 15, with broader currency coverage targeted for 2027 and additional payment capabilities planned for subsequent releases.



Source link

Ledger

Be the first to comment

Leave a Reply

Your email address will not be published.


*