Brussels, Belgium – 30 March 2021 – Global card issuing platform, Marqeta, has been selected by Mastercard to join its Fintech Express programme.
Mastercard and Margeta will work together to co-innovate in the field of banking technology in Europe and across the world. Joining the Fintech Express programme will allow both companies to partner closely on future innovations, with an emphasis on expanding and launching more Fintech programmes together. Joining the Mastercard Fintech Express programme will also give Marqeta the opportunity to engage with Mastercard’s extensive network thus helping it scale in Europe and across the globe.
Jason Lane, Executive Vice President, Market Development Europe, Mastercard noted: “We are delighted to welcome Marqeta into the Mastercard Fintech Express programme. Marqeta is already an invaluable player in the fintech space and a global partner to us. As the partner of choice for leading fintechs across Europe, our focus is to propel our fintech partners towards greater success and help them scale at speed.”
Ian Johnson, SVP, Managing Director, Marqeta Europe added: “We are very excited about being an integral part of the Mastercard Fintech Express programme. Card innovation continues to flourish and it’s critical that these companies have a fast and efficient route to market which the Fintech Express programme will undoubtedly enable.”
The Mastercard Fintech Express Programme falls under the umbrella of Mastercard Accelerate – Mastercard’s overarching fintech platform that gives start-ups and emerging brands support and assistance for every stage of their growth and transformation, from market entry to global expansion. Mastercard Accelerate is comprised of four main programmes: Fintech Express, Start Path, Engage and Developers.
With its open API, the Marqeta platform is designed for businesses who want a simple and tailored way of managing payment programs so that they can create world-class experiences and power new modes of commerce.
In Q4 2020, Marqeta and Mastercard announced the expansion of their strategic global partnership with the aim to expand into new geographies, open access to new products, and launch additional card programs together. As part of this partnership, Mastercard has also made a financial investment in Marqeta.
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Marqeta is the modern card issuing platform empowering builders to bring the most innovative products to the world. Marqeta provides developers advanced infrastructure and tools for building highly configurable payment cards. With its open APIs, the Marqeta platform is designed for businesses who want to easily build tailored payment solutions to create best-in-class experiences and power new modes of money movement. Marqeta is headquartered in Oakland, California. For more information, visit www.marqeta.com, Twitter and LinkedIn.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.