Mastercard and JPMorgan have teamed up to enhance cross-border business payments. By integrating Mastercard's Multi-Token Network (MTN) with JPMorgan's Kinexys Digital Payments, mutual clients can now settle transactions more efficiently through a single API. This collaboration aims to reduce time zone issues and boost transparency and speed.

Kinexys, originally launched as Onyx in 2020, has grown significantly, handling $2 billion in daily transactions. Recently rebranded, Kinexys plans to integrate with JPMorgan FX Services for onchain forex settlements. Mastercard's MTN, tested since June 2023, continues to explore new digital asset innovations.