Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, and Mastercard announced on Thursday they have extended global partnership to expand into new geographies, open access to new products, and launch additional card programs together.
The duo reported they have been working together to help fintechs digital banks, and commerce disruptors across North America and Europe since 2014.
“Beginning in Asia Pacific, the two companies will expand their collaboration into multiple new geographies, optimizing for global scale and driving efficiencies across their businesses to better serve the market.”
While sharing more details about the expanded collaboration, Sherri Haymond, Executive Vice President of Digital Partnerships at Mastercard, stated:
“With a shared vision to provide innovative and flexible financial products and solutions to our customers, we’re thrilled to expand our partnership with Marqeta. We look forward to collaborating with Marqeta through this next stage of growth and enabling our joint partners to tap into capabilities that deliver differentiated experiences.”
The two companies added they plan to collaborate to open access to Mastercard products for Marqeta customers and partner closely on future products, with an emphasis on expanding and launching more card programs together. Marqeta will also participate in Mastercard’s digital enablement programs, like Digital First and Fintech Express, to help accelerate time to market for newer startups.