Mastercard & JPM Join Forces on B2B Settlement

Hey Payments Fanatic!

A major move in the cross-border payments space today as two industry giants join forces! Mastercard's Multi-Token Network (MTN) is now connecting with J.P. Morgan's Kinexys Digital Payments, creating a solution for B2B payments settlement.

Mastercard's MTN provides a unified platform with API-enabled, blockchain-based tools and standards, while Kinexys Digital Payments operates as a next-generation payment rail offering real-time value transfer using commercial bank money. Together, they're addressing key challenges in cross-border payments: transparency, settlement speed, and time zone friction that typically impacts international transactions.

"We believe our solutions can play a transformative role in the ecosystem for digital global commerce and digital assets," says Naveen Mallela, Co-Head of Kinexys by J.P. Morgan, pointing to their commercial bank payment rails' ability to integrate with any digital marketplace or platform.

Raj Dhamodharan, Executive Vice President, Blockchain and Digital Assets at Mastercard, adds they're "unlocking greater speed and settlement capabilities for the entire value chain." This builds on both companies' track records in digital asset and commercial infrastructure innovation.

How might this integration reshape B2B cross-border payments? Share your thoughts in the comments below 👇

Enjoy the read, and I'll catch up with you on Monday with more tales and updates.

Cheers,

Marcel

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INSIGHTS

FinTech & Advanced Payments Report 2025. This report examines 14 key areas transforming the industry, driven by technological innovations, regulatory changes, and evolving consumer preferences. Link here

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GOLDEN NUGGET

Over 𝟭.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 people globally ordered food online in 2023, generating $𝟰𝟬𝟬𝗕 in revenue. However, 𝟱𝟬% (!) of food orders get abandoned at checkout 🤯
𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲:

How can QSR and delivery apps create a best-in-class checkout experience to reduce cart abandonment?

𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗔𝗱𝗱𝗿𝗲𝘀𝘀 𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀:

1️⃣ Quick Checkout Experience

Allow customers to complete purchases effortlessly by eliminating unnecessary steps.

44% of consumers prefer using stored payment credentials.

For returning customers, enable auto-filled data from previous orders.

2️⃣ Embedded Checkout

Create an end-to-end embedded checkout experience, avoiding redirects and minimizing friction during the process.

3️⃣ Clear Error Communication

Improve user experience by clearly specifying reasons for payment rejection.

Avoid vague error codes and provide transparent guidance.

4️⃣ Relevant Payment Methods

Support locally relevant payment methods across different regions and markets.

Digital wallets and direct bank transfers are increasingly popular in the QSR industry.

5️⃣ Customized Experience

Offer preferred payment methods based on historic behavior.

Recommend products based on customer preferences.

6️⃣ Payment Routing

Adopt a multi-PSP strategy for card payments with redundancies (backup providers) to minimize rejections on legitimate transactions.

These solutions help reduce cart abandonment, optimize payment processes, and enhance the overall customer experience in the competitive food and delivery app market.

I highly recommend the complete deep dive article by DEUNA for more interesting info on this topic.

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