Mastercard opens the door for fintech companies

Thursday, Nov 11, 2021 20:03

Mastercard offices in HCM City. – Photo Mastercard Vietnam

Mastercard has been actively expanding its platform capabilities through the Mastercard Developers portfolio, adding a multitude of different services to power new ways to pay, enhancing the customer experience and creating trust across the payment ecosystem.

The company's acquisitions, such as Aiia, CypherTrace, Ekata, Ethoca, Finicity and NuData, combined with an aggressive expansion of home-grown services on Mastercard’s platform present a rich suite of capabilities for partners to innovate. It’s now easier than ever to build with Mastercard.

“We have a lot to offer, from cryptocurrency and open banking to data intelligence and identity solutions, and we’re continuously opening up more services and offering new state-of-the-art tools. Today, builders and dreamers of any size from anywhere in the world can engage with us, rapidly integrate and take new solutions to market at a fast pace,” said Oran Cummins, Executive Vice President, Developer First Product and Engineering.

Key components include API Platform, Fintech Community, Startup Programs, Solutions and Partner Network.

“Having supported a diverse network of more than 55 APAC-based startups through the Start Path program alone, Mastercard is now dedicating a new Start Path track specifically to players in the open finance space. We look forward to expanding our network to include more of these fintech builders and sharing our technology, data assets, tools and expertise to co-create and accelerate the launch of new solutions that address the rapidly evolving needs of consumers and businesses,” said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard.

Customers around the world, including Zeta, TomoCredit and Superdigital of PagoNxt company from Santander Group, are already engaged in the Mastercard Developers portfolio. – VNS

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