Mastercard and Marqeta will collaborate to innovate in the field of banking technology, in Europe and globally. The integration of Marqeta into the Fintech Express program will allow both companies to work together on innovative projects, with a particular focus on the expansion and launch of new fintech programs. By joining Mastercard’s Fintech Express program, Marqeta will also have the opportunity to collaborate with Mastercard’s extensive network, contributing to its development in Europe and globally.
Jason Lane, Executive Vice President of Market Development Europe at Mastercard, said, “We are delighted to welcome Marqeta to the Mastercard Fintech Express program. Marqeta is already a key player in the fintech space, and one of our global partners. As the partner of choice for leading fintech companies across Europe, Mastercard aims to drive the success of its partners and help them grow quickly. “
Ian Johnson, senior vice president and managing director of Marqeta Europe, added, “We are excited to be an integral part of Mastercard’s Fintech Express program. Card innovation continues to flourish and it is critical that these companies have a fast and efficient route to market, which the Fintech Express program will undoubtedly provide. “
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Mastercard’s Fintech Express program is an integral part of Mastercard Accelerate, Mastercard’s global fintech platform
It supports startups and emerging brands at every stage of their growth and transformation, from market entry to international expansion. Mastercard Accelerate comprises four main programs: Fintech Express, Start Path, Engage and Developers.
With its open APIs (application programming interfaces), the Marqeta platform is designed for businesses looking for a simple, tailored way to manage payment programs to create world-class experiences and drive new modes of commerce.
In Q4 2020, Marqeta and Mastercard announced the expansion of their strategic global partnership to reach out to new regions, provide access to new products, and jointly launch additional payment card programs. As part of the partnership, Mastercard has also made a financial investment in Marqeta.
Marqeta is a modern card issuing platform that makes it easy for developers to launch the most innovative products in the world. Marqeta provides programmers with the tools and infrastructure that enable great customization for payment cards. With its public API, Marqeta is designed for businesses that want to easily create tailored solutions. The platform also creates a better customer experience and offers new ways to transfer money. Marqeta is based in Oakland, California.
Mastercard is a global technology company in the payments industry
The company’s mission is to connect and power an inclusive digital economy that benefits everyone, everywhere, by enabling secure, simple, smart and accessible transactions.
“We leverage secure data and networks, partnerships and passion, innovation and solutions to empower individuals, financial institutions, governments and businesses to realize their full potential. Our decency quotient (DQ) shapes our culture and everything we do, both internally and externally. Operating in more than 210 countries and territories, we are building a sustainable world to open up a horizon of priceless possibilities for everyone.”
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First published in Finyear, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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