Mastercard and BVNK launch platform for stablecoin and fiat payments
Mastercard and BVNK have announced the launch of Global Money Platform, a unified platform for traditional currencies and stablecoins. The solution allows banks, financial institutions and businesses to make cross-border payments, convert funds and manage accounts through a single application programming interface (API).
The launch was announced in an October 15, 2026, press release. It marks the first major integration of BVNK's technology into Mastercard's infrastructure following the company's acquisition in August.
The platform is already available through BVNK. Payment companies Nuvei, Marqeta, Ontop, Bolt Group and Almond FinTech are among the first integration partners.
Mastercard combines bank accounts and stablecoins
Global Money Platform is built around multi-currency accounts that allow businesses to hold fiat currencies and stablecoins and convert between them without connecting to separate service providers.
Companies can integrate these features into their own applications, issue payment cards and manage international settlements. Transfers to local bank accounts are processed through Mastercard Move infrastructure.
By 2027, the company aims to support payouts in more than 40 currencies across over 200 countries and territories. Mastercard Move covers more than 17 billion payment endpoints.
Users will also be able to pay for purchases with stablecoins across Mastercard's merchant network. The platform supports the issuance of corresponding payment cards in more than 130 countries.
In the future, the platform will add support for payments made by AI agents and additional regulated digital instruments, including tokenized bank deposits.
Payment companies expand cryptocurrency adoption
Raj Dhamodharan, Mastercard's executive vice president of blockchain and digital assets, said the new infrastructure is designed to enable interoperability between different forms of money. According to him, the company aims to connect traditional payment systems with digital assets.
The developers expect the unified system to reduce the need for businesses to maintain separate accounts and pre-fund balances in multiple countries to process international payments.
Meanwhile, cryptocurrency exchange Gate has partnered with Visa to launch a payment card that allows users to spend digital assets at merchants accepting Visa cards.
The partners plan to expand the product to more than 40 countries and territories. The initiative aims to connect cryptocurrency accounts with existing payment infrastructure.
Earlier, we reported that a Visa study found greater interest in stablecoins when banks are involved in providing related services. The findings highlight the importance of traditional financial institutions in driving the adoption of digital payment solutions.
Latest Mastercard News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
