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Mastercard released a press release on November 21 stating that the firm has linked up its MTN connectivity with JP Morgan’s Kinexys Digital Payments for the transfer of tokenized assets across borders. The company argued that the partnership would provide greater transparency, faster settlement, and reduced time zone friction during transfer payments. 
Mastercard’s press release revealed that MTN’s connectivity with Kinexys Digital Payments will allow customers from both firms to settle B2B transactions through a single API. 
<h3 id="span-style-font-weight-400-mastercard-s-mtn-seeks-to-improve-b2b-cross-border-payments-span">Mastercard’s MTN seeks to improve B2B cross-border payments</h3> 
Both companies said in a joint statement that the integration of Mastercard’s MTN’s connectivity with Kinexys Digital Payments will let its customers settle B2B transactions via a single API 
Naveen Mallela, co-head of Kinexys by JP Morgan, said in a statement that the company believes the collaboration can transform the ecosystem for digital global commerce and digital assets. Mallela also argued that the value proposition of commercial transaction venues is enhanced by the availability of commercial bank payment rails that can natively integrate with any digital marketplace or platform. 
<blockquote>
 “By bringing together the power and connectivity of Mastercard’s MTN with Kinexys Digital Payments, we are unlocking greater speed and settlement capabilities for the entire value chain.” 
 -Raj Dhamodharan, Executive Vice President, Blockchain and Digital Assets at Mastercard
</blockquote> 
Dhamodharan also revealed that the firm is excited about the integration and the new use cases it will bring to life. The vice president highlighted that the collaboration will leverage the strengths and innovations of both organizations. 
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JP Morgan and Mastercard team up to bring foreign exchange on blockchain

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