Mastercard and Marqeta collaborate to help fintechs go to market
Marqeta, a modern payments platform, is now a European certified processor with Mastercard. This new collaboration is designed to help digital banks and fintechs go to market and scale faster.
Twisto, the daily payments app linked to a card, will be the first European customer to deploy Marqeta’s card processing capabilities with Mastercard.
Through this partnership with Marqeta, Mastercard’s European customers will have the opportunity to work with the Marqeta platform that has already significantly disrupted the US market.
Mastercard offers payment solutions for businesses, retailers, governments and consumers across Europe and the world, whilst Marqeta provides instant access to a sandbox and fully published API documentation via its website, which allows customers to test and build new innovations.
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The offering gives Twisto access to actionable, real-time transaction data that will help them further opitmise business decision making.
“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,” says Ian Johnson, head of European growth at Marqeta.
Jason Lane, executive vice president, market development Europe at Mastercard adds: “By partnering with an innovative global payment platform like Marqeta, we can help Mastercard issuers build card products even faster, while also retaining complete control over the end to end process. Marqeta brings a transparent, innovative and easy to use payment processing platform to the table, which made it an easy decision to partner with them.”
“We are very pleased with the speed of executing the launch on the side of our strategic partners, including Mastercard and Marqeta, who have been fundamental to enabling our success on the technology side. We look forward to exploring expansion opportunities across the EU on the back of this solution,” says Michal Smida, founder and CEO at Twisto.