Marqeta, a California based financial services company has become a European -certified processor with Mastercard. With this collaboration, digital banks and fintechs will get to market and scale more easily.
With this partnership of Mastercard and Marqeta, the customers will be able to access both the platforms and also retain control of the end to end process.
“We’re pleased to be able to partner with one of the defining names in global payments to empower fintech players such as Twisto to get to market faster and easier. With Marqeta now able to process Mastercard card payments, more FinTechs across Europe will have the agility and flexibility to provide innovative digital banking services.” said Ian Johnson, Head of European Growth at Marqeta.
Twisto, a Prague based fintech, is the first company to launch a new program using this service. The company will benefit from this solution which will give them a fast, transparent and hassle-free way to issue cards.