Mastercard keen on money movement

Forging closer ties with local partners while fully embracing emerging technologies is key to Mastercard's evolution from traditional card-centric businesses to a global money movement network, said Pratik Khowala, the company's executive vice-president and global head of transfer solutions.

Khowala made the remarks during an exclusive interview with China Daily in March, when Mastercard announced a new partnership between its global money movement business, Mastercard Move, and Bank of Shanghai.

This expansion signals a broader inflection point in how the company is positioning itself across one of the world's most dynamic cross-border corridors, said Khowala.