Mastercard Embraces Stablecoins, Invests in Corpay, and Introduces Agent Pay
Hey FinTech Fanatic!
In less than 24 hours, Mastercard unveiled three major moves signaling its bets on cross-border payments, stablecoins, and AI-driven commerce.
First, Mastercard deepened its alliance with Corpay, making Corpay the exclusive provider of cross-border commercial payment services for its financial institution partners. Mastercard will also invest $300 million for a 3% stake in Corpay’s cross-border unit, valuing it at $10.7 billion. The deal marks a new phase in their long-standing collaboration, extending access to high-value and everyday transactions.
“Our work with Corpay expands our reach into the large and growing cross-border B2B payments space helping our financial institution partners deliver on the non-carded needs of their commercial customers, simply and efficiently.” said Raj Seshadri, Chief Commercial Payments Officer at Mastercard.
Next, Mastercard announced a full-stack stablecoin payments framework, partnering with OKX, Nuvei, and Circle. From wallet integration, card issuance to settlement and remittances, Mastercard embeds stablecoins into its merchant network to drive real-world adoption. Jorn Lambert, Chief Product Officer, emphasized: "Mastercard needs to make it as easy for merchants to receive stablecoin payments and for consumers to use them.”
Finally, Mastercard entered agentic commerce with the launch of Agent Pay—a tokenized payment solution designed for AI agents. In collaboration with Microsoft and IBM, Mastercard enables AI to initiate secure payments across consumer and business applications.
“The launch of Mastercard Agent Pay marks our initial steps in redefining commerce in the AI era,” Lambert noted. “Recognizing the seismic implications of this evolution, we are keen to collaborate with industry players to advance the standards for agentic payments.”
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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M&A
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