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Mastercard has launched the Global Money Platform, a single API that lets banks, fintechs and businesses hold, convert and move both traditional currencies and stablecoins. It is the first major product built on BVNK, the stablecoin infrastructure firm Mastercard acquired for up to $1.8 billion in August.
The Global Money Platform centers on multicurrency accounts that can hold traditional currencies and stablecoins within the same financial infrastructure. Through an API, financial institutions and technology providers can incorporate these capabilities into their existing applications, allowing customers to receive payments, exchange currencies and initiate transfers without moving between separate financial providers.
The approach targets businesses that regularly handle international transactions, particularly companies receiving payments in one currency while meeting supplier obligations in another.
Mastercard cited a manufacturing company that collects payments from overseas customers and pays suppliers in foreign markets as a potential use case. Such businesses often rely on several banking relationships, payment providers and pre-funded accounts to maintain sufficient liquidity across different countries.
Chris Harmse, co-founder and chief business officer at BVNK, described the broader ambition behind the launch.
“Global Money Platform will become the single infrastructure layer not just for stablecoins, but for every form of money,” Harmse said.
The statement reflects the companies’ intention to support multiple forms of money within one system rather than operate stablecoins as a separate payment channel.
The platform also includes configurable rewards and account features that participating providers can incorporate into their products. However, the announcement did not specify the commercial terms, fees or transaction limits that would apply to individual services.
Cross-border payments are a central component of the Global Money Platform, with Mastercard Move providing the connection to local payment channels.
Mastercard Move is the company’s portfolio of money movement services, designed to facilitate transfers between individuals, businesses and financial institutions. Mastercard said its network reaches more than 17 billion endpoints, providing participating businesses with access to payment destinations across international markets.
Under the new arrangement, businesses will be able to initiate payments using stablecoin balances, with recipients receiving funds in local currency directly into their bank accounts.
The companies expect local payout coverage to expand to more than 40 currencies across over 200 countries and territories in 2027. The planned coverage represents a future expansion rather than confirmation that every corridor will be available at launch.
The Global Money Platform will also connect stablecoin balances with Mastercard’s merchant acceptance network. Businesses and financial technology providers will be able to issue payment cards linked to eligible accounts, allowing users to spend their digital currency balances at participating merchants.
Mastercard said card-issuing capabilities are available across more than 130 countries, giving financial companies a foundation for developing stablecoin-linked payment products.
Nuvei, a global payments technology provider and one of the platform’s initial integration partners, expects the infrastructure to expand the options available to businesses operating across borders.
“Stablecoins are becoming an increasingly important part of that future,” Nuvei chairman and CEO Phil Fayer said, referring to the evolution of international commerce and payments.
Marqeta, which provides card-issuing technology, is also among the initial integration partners, alongside Ontop, Beem and Almond FinTech.
The announcement did not disclose individual integration launch dates, projected transaction volumes or the number of customers expected to use the service initially.
Those details will help determine how quickly the platform moves from infrastructure availability to broader commercial adoption.
Mastercard’s Global Money Platform builds on a series of initiatives aimed at incorporating digital currencies into its existing payments infrastructure.
In June 2026, Mastercard introduced support for six regulated stablecoins within its settlement infrastructure. The assets included Circle’s USDC, PayPal USD, Global Dollar, Pax Dollar, Ripple USD and SoFiUSD.
The initiative was designed to allow participating card issuers and acquirers to settle transactions using supported digital currencies across multiple blockchain networks.
The networks identified for the initiative included Ethereum, Solana, Polygon, Base, Arbitrum, Canton, Tempo and XRP Ledger. Mastercard also outlined plans to support settlement outside conventional banking hours, including weekends and holidays, while retaining existing card payment processes.
Another development followed on September 22, when SoFi Technologies moved its $25 billion card program to blockchain settlement using its bank-issued SoFiUSD stablecoin.
The arrangement introduced live stablecoin settlement for debit and credit card transactions under the SoFi Bank program. According to the companies, merchants could continue receiving payments without holding digital assets or integrating blockchain infrastructure themselves.
The companies were also exploring potential applications for SoFiUSD in merchant payments, international transfers and remittances.
BVNK has continued expanding its own blockchain payment infrastructure. On September 22, the company integrated the Stellar blockchain into its existing API, supporting business payments, remittances and treasury transfers across more than 130 markets.
The integration allows BVNK customers to access Stellar-based payment capabilities without establishing a separate blockchain connection or replacing their existing payment systems.
Mastercard has identified tokenized deposits and agentic commerce as potential additions to the Global Money Platform as it develops support for new payment methods.
Tokenized deposits are digital representations of deposits held at commercial banks. They can potentially enable programmable transfers and blockchain-based settlement while remaining linked to existing banking relationships.
Agentic commerce involves artificial intelligence systems or software agents carrying out transactions on behalf of individuals and businesses. Such systems could eventually initiate purchases, manage payments or execute other financial activities according to instructions and permissions established by their users.
Mastercard did not announce a timetable for introducing either capability through the new platform.
Raj Dhamodharan, Mastercard’s executive vice president of Blockchain and Digital Assets, said the company sees interoperability as an important part of the future payments landscape.
“We believe the future of commerce will be built on interoperability across multiple forms of money,” Dhamodharan said.
He positioned the service within Mastercard’s broader strategy to support programmable payments and transactions initiated by autonomous software.
The proposed expansion would place stablecoins alongside other forms of digital and traditional money within a shared payment environment. However, the practical scope of these capabilities will depend on future product development, participating financial institutions and the availability of supporting infrastructure.
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