Mastercard and PaidBy Announce Partnership to Enable Cross-Border Account-to-Account Payments

Mastercard and PaidBy announced a strategic partnership on June 4, 2026, in Amsterdam to accelerate global adoption of open banking-powered account-to-account payments and enable seamless cross-border commerce. The partnership introduces one of the first scalable cross-border A2A payment models.

It combines Mastercard's global Open Finance connectivity and scale with PaidBy's orchestration and settlement infrastructure.

Mastercard provides the global connectivity, scheme-level trust, and scale required to make cross-border A2A payments viable for enterprise merchants. PaidBy supplies its proprietary orchestration layer, cross-border settlement infrastructure, dynamic currency capabilities, and merchant payout network.

Today, open banking payments are largely domestic, forcing merchants into fragmented setups and limiting their ability to scale globally.

The partnership addresses that challenge by bringing together connectivity, orchestration, and settlement within a unified framework. Together, Mastercard and PaidBy will enable consumers to pay merchants directly from their bank accounts in their domestic currency, while allowing merchants to receive settlement in their preferred local currency with simplified reconciliation and next-business-day settlement, Benzinga reported.