Mastercard launches global fiat and stablecoin payments platform with BVNK

Mastercard has launched its Global Money Platform with BVNK, allowing banks, fintech companies and businesses to manage fiat currencies and stablecoins through a single application programming interface (API).

According to a joint announcement from the companies, the service combines Mastercard’s international payment network with BVNK’s stablecoin technology, following the completion of their acquisition deal in August 2026.

Nuvei, Marqeta, Ontop, Beem and Almond FinTech are among the first companies preparing to integrate the service, which supports multicurrency accounts, currency conversion, payment cards and local bank transfers.

Businesses can access the platform through BVNK and choose individual services without having to adopt the entire product suite. Mastercard said customers would be able to add more functions as they become available.

The launch follows Mastercard’s acquisition of BVNK on Aug. 3, a transaction valued at up to $1.8 billion. As crypto.news previously reported, the deal brought BVNK’s blockchain payment technology into Mastercard’s operations, covering settlements, payouts and treasury management.

Mastercard Global Money Platform connects stablecoins with bank payments

At the center of the new service is a multicurrency account that can hold traditional currencies and stablecoins within the same system.

Financial institutions and technology companies can integrate the accounts into their existing applications, allowing customers to receive funds, exchange currencies and make payments without switching between different financial providers.

The infrastructure is designed for companies handling transactions across several countries, particularly those that need to manage incoming payments and supplier obligations in different currencies.

Mastercard described a manufacturing business receiving payments from international customers while paying suppliers abroad as one potential use case.

Such operations often involve separate banking relationships, payment providers and balances maintained in advance across different markets.

Through the new service, businesses can manage those transactions from one account structure, with conversion between fiat currencies and stablecoins available through the API.

The offering covers treasury operations as well, giving companies tools to manage their own liquidity, payment activity and settlements.

Account features include configurable rewards, while fintech providers can offer the underlying services under their own brands.

Chris Harmse, co-founder and chief business officer at BVNK, said the platform would allow enterprise customers to develop financial products without assembling the payment infrastructure themselves.

“Global Money Platform will become the single infrastructure layer not just for stablecoins, but for every form of money,” Harmse said.

Supporting local payouts in over 200 markets

International transfers form another part of the offering through Mastercard Move, the company’s existing portfolio of money movement services.

Mastercard said its network reaches more than 17 billion endpoints, giving participating businesses access to local payment channels for sending funds to recipients.

Under the new arrangement, customers can use stablecoin balances to initiate payments that arrive in local currency directly in a recipient’s bank account.

Coverage is expected to reach more than 40 currencies across over 200 countries and territories in 2027, according to the announcement.

The planned expansion concerns local currency payouts, while access to other functions will depend on the services available through the platform.

Card payments will provide another way to use digital currency balances.

Mastercard said Global Money Platform customers would be able to spend stablecoins through its acceptance network, which covers hundreds of millions of merchant locations.

Card issuing capabilities are available across more than 130 countries, allowing participating financial companies to build payment products linked to stablecoin accounts.

Nuvei chairman and CEO Phil Fayer said the integration would help the payments provider offer businesses more options for managing funds across markets.

“Stablecoins are becoming an increasingly important part of that future,” Fayer said, referring to international commerce and payments.

Nuvei is among the first integration partners alongside Marqeta, a card issuing technology provider. Ontop, Beem and Almond FinTech are part of the initial group as well.

The announcement did not provide individual launch dates for those integrations or disclose their expected transaction volumes.

BVNK acquisition builds on Mastercard’s stablecoin settlement business

Mastercard’s latest product follows several stablecoin initiatives announced during 2026.

In June, the company introduced support for six regulated stablecoins within its settlement infrastructure.

The supported assets included Circle’s USDC, PayPal USD, Global Dollar, Pax Dollar, Ripple USD and SoFiUSD.

Mastercard said the program would allow participating issuers and acquirers to settle card transactions using supported digital currencies across multiple blockchain networks.

Ethereum, Solana, Polygon, Base, Arbitrum, Canton, Tempo and XRP Ledger were among the networks identified for the initiative.

The company planned to make settlement available outside conventional banking hours, including weekends and holidays, while maintaining its existing card payment processes.

A separate development followed on Sept. 22, when SoFi Technologies moved its $25 billion card program to blockchain settlement using its bank-issued SoFiUSD stablecoin.

The arrangement brought live stablecoin settlement to debit and credit card transactions under the SoFi Bank program.

SoFi said merchants could continue receiving payments without holding digital currencies or integrating blockchain infrastructure themselves.

Both companies were exploring further uses for SoFiUSD in merchant payments, international transfers and remittances.

BVNK has continued developing its blockchain payment services since joining Mastercard.

On Sept. 22, the infrastructure provider integrated the Stellar blockchain into its existing API, supporting business payments, remittances and treasury transfers across more than 130 markets.

The integration allowed BVNK customers to use Stellar without establishing a separate blockchain connection or changing their existing payment systems.

Future development includes tokenized deposits and AI payments

Mastercard plans to add further capabilities to Global Money Platform as new payment methods become available.

The company identified tokenized deposits and agentic commerce as areas for future development.

Tokenized deposits are digital representations of commercial bank deposits, while agentic commerce involves software agents carrying out transactions on behalf of users or businesses.

Mastercard did not announce a timetable for adding either capability to the new platform.

Raj Dhamodharan, Mastercard’s executive vice president of Blockchain and Digital Assets, said the company was working to connect different forms of money across traditional and digital financial systems.

“We believe the future of commerce will be built on interoperability across multiple forms of money,” Dhamodharan said.

He described the new service as part of Mastercard’s strategy to support programmable payments and transactions carried out by autonomous software.

The company said Global Money Platform is currently available through BVNK, with customers able to select the account, payment and conversion capabilities suited to their operations.