Mastercard announced on Monday it is expanding the Engage platform. According to Mastercard, the expansion is offering customers access to a growing network of qualified technology and fintech partners that may quickly deploy Mastercard Digital First solutions, which notably will enable customers to provide entirely digital payment experiences for consumers, from acquisition and card usage to management and engagement, with a physical card option.
Mastercard also revealed that the Mastercard Engage network includes partners that provide various components and integration capabilities across the Digital First customer journey to deliver a frictionless payment experience, including Signzy to support digital onboarding and instant eKYC services, Provenir to provide real-time risk decisioning, issuer processors such as Galileo, i2c and Marqeta, and end-to-end Digital First enablers Thales and Verestro.
While sharing more details about the expansion, Andrea Scerch, President of Consumer Products for Issuers at Mastercard, stated:
“The expansion of Mastercard Engage is happening at a critical time when financial institutions and digital players are seeking to fulfill consumer demand for digital experiences but may not have all of the in-house capabilities to do so. Instead of merely supporting physical cards with digital experiences, we are powering consumer choice by building a robust network of qualified enablers that can help our customers quickly launch digital products from the ground up.”
Mastercard concluded that the Mastercard Engage program is now open to support Digital First deployment, provide on-the-ground assistance as well as training through the Mastercard Academy, and promotion to the financial giant’s customer base.
