A new integration between Triple-A’s remittance-as-a-service platform and Mastercard’s money movement network will let European financial institutions offer near real-time cross-border payouts without building the underlying infrastructure themselves.
Triple-A, a payment institution licensed in the US, Europe, and Singapore, has announced an integration with Mastercard Move — Mastercard’s portfolio of cross-border money movement solutions, to expand the reach and speed of its remittance platform. The deal is aimed primarily at banks, fintechs, and telecoms operators in Europe that want to offer global remittance services to their customers without building costly payment infrastructure from scratch.
By embedding Mastercard Move’s network into its own platform, Triple-A can now offer near real-time settlement across key remittance corridors, reducing both the time and cost involved in sending money across borders. The collaboration also opens a route in the opposite direction: financial institutions in the Middle East, Africa, and Latin America can use Triple-A’s infrastructure to serve diaspora customers in Europe looking to send money home.
“This collaboration with Mastercard is a natural extension of our mission to simplify global payments. Together, we’re unlocking new levels of interoperability and trust in the cross-border space, offering banks, fintech and telecom service providers with fast and efficient payment solutions to key remittance corridors.”
Eric Barbier, Founder & CEO of Triple-A
The most direct beneficiaries of the integration are the institutional clients Triple-A serves (banks, fintechs, and telecoms providers) rather than individual senders of remittances. These institutions gain the ability to launch their own branded global remittance services by connecting to Triple-A’s platform, which now includes Mastercard Move’s payout reach, without needing to negotiate bilateral agreements with each destination market’s banking system.
For end users, typically migrant workers or diaspora communities sending money back to family, the downstream effect should be faster arrival times, more predictable fees, and a wider choice of receiving options, including both banks and mobile money accounts in destination markets.
Cross-border money transfers remain one of the most expensive and inefficient services in global finance. The global average cost of sending a remittance sits at around 6 to 7% of the amount transferred — a figure that has barely moved in a decade despite repeated commitments from governments and international organisations to bring it below 3%. Settlement delays of three to five business days remain common on certain corridors.
Much of that friction comes from the correspondent banking model, where a payment from, say, a French bank to a Kenyan mobile wallet might pass through two or three intermediary institutions in different countries, each taking a small cut and adding time. A recent poll conducted by Thunes, a fintech company specializing in global payment infrastructure, revealed that 44% of those surveyed believe instant cross-border payments have the greatest opportunity to benefit from improvements in payment interoperability.
“Remittances are a vital lifeline for families worldwide. This collaboration expands access to Mastercard Move’s cross-border payment solutions, enabling European banks, fintechs, and telecom providers to launch global remittance services while helping Middle East and Africa banks connect with diaspora communities. Together, we’re making it easier for people to support loved ones back home, securely, quickly, and with confidence.”
Tulsi Narayan, EVP, Commercial & New Payment Flows Europe, at Mastercard
Platforms like Mastercard Move are designed to sidestep this chain, but the reach they offer depends on how many institutions are connected to the network. Triple-A’s integration expands that reach on both sides.
Mastercard Move platform explained
The Triple-A deal is one of several Mastercard Move integrations announced in recent weeks. A similar collaboration with Ericsson’s fintech platform was announced in the same period, aimed at allowing telecoms operators to launch digital wallet and payment services for unbanked and underbanked communities. Both reflect Mastercard’s strategy of embedding its money movement infrastructure into third-party platforms.
