PaidBy®, the global account-to-account (A2A) payment platform developed by Xryma Plc, announced that it has entered into a strategic partnership with Mastercard to accelerate the global adoption of open banking-powered account-to-account payments and enable seamless cross-border commerce. This partnership addresses that challenge by introducing one of the first scalable cross-border account-to-account payment models ? bringing together connectivity, orchestration, and settlement within a unified framework.

Mastercard provides the global connectivity, scheme-level trust, and scale required to make cross-border account-to-account payments viable for enterprise merchants. PaidBy complements this with its proprietary orchestration layer, cross-border settlement infrastructure, dynamic currency capabilities, and merchant payout network. 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 across markets. Designed for global merchants, payment service providers, and platforms, the partnership creates a scalable foundation for expanding account-to-account payments beyond domestic use cases and into mainstream global commerce. At first the collaboration expands PaidBy's real-time account-to-account capabilities across Europe and the UK.

PaidBy is built on Xryma's regulated "banktech" infrastructure, combining payment initiation, multi-currency processing, and real-time settlement into an integrated ecosystem serving businesses across multiple jurisdictions. Through the partnership, PaidBy will integrate Mastercard's Open Finance capabilities into its platform, enabling enterprise-grade payment initiation and high-volume transaction processing through a unified infrastructure layer. As part of Mastercard's broader Open Finance strategy, the partnership reinforces its commitment to building a globally connected ecosystem that supports a wide range of payment experiences, from account-based payments to value-added services across digital commerce.

The companies will also explore additional value-added services to further connect account-to-account payments with the broader digital payments and commerce landscape. The announcement comes amid accelerating global demand for faster settlement, reduced payment friction, and improved cash flow visibility, as businesses increasingly seek alternatives to traditional payment rails for cross-border transactions.