Marqeta has been chosen by Mastercard to join its FinTech Express programme.
The global card issuing platform will work closely with Mastercard on future banking tech innovations, with a focus on expanding and launching more FinTech programmes.
Since 2014, the two businesses have been working together to help FinTechs, digital banks and commerce disruptors across North America and Europe bring innovative card products and programs to market.
At the end of last year, Marqeta and Mastercard announced the expansion of their global partnership, which aims to expand into new regions, open access to new products, and launch additional card programs together. [Link to article]
Mastercard has also made a financial investment in the card issuer as part of the expansion.
“We are delighted to welcome Marqeta into the Mastercard Fintech Express programme,” said Jason Lane, executive vice president, market development Europe, Mastercard. “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, senior vice president, managing director, Marqeta Europe said: “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.”
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