Payments Fintech CleverCards has announced that it has integrated with Mastercard Processing Europe, as part of its recent partnership with Mastercard. This now allows digital Mastercards to be downloaded from the CleverCards platform.
Ireland-based CleverCards explains that this card integration now enables payment administrators in Businesses and Public sector organizations to custom brand their own Mastercards and personally configure each Mastercard for various uses.
Marcin Cichocki, Product co-founder and Senior Vice President at Mastercard Processing, said that launching payment applications has never been so fast and simple:
“With a rapidly growing global transition towards more digital economies across 31 European markets, having Mastercard processing inside the CleverCards platform will significantly reduce the lead times and complexity for Financial Institutions, Public Sector organizations and Businesses that sit on legacy payment infrastructures. We continue to be impressed by the CleverCards digital-first value propositions and customer-centric approach and this payment processing capability will have a remarkable effect on the businesses and organizations that choose to glean its benefits.”
CleverCards is on a mission to allow anyone to pay or be paid anywhere, says Kealon Lennon, founder and CEO of CleverCards.
“Just as music and movies transitioned from plastic to digital into our phones, our vision is a world rid of plastic debit and credit cards, paper cash and vouchers. A world where a digital Mastercard can be downloaded to your mobile, just as easily as you can stream a song. To achieve this objective, we entered into a strategic partnership with Mastercard in 2020 and now we have the power, security and scale of Mastercard Processing inside the core of the CleverCards infrastructure, enabling us to offer partners one platform for multiple payment needs.”
Lennon believes this provides his company a competitive advantage in a market of legacy payment solutions, which are costly, inefficient, and slow.
Jane O’Sullivan, Trade Development Executive at Enterprise Ireland, the VC segment of the Irish government, touted CleverCards as indicative of Ireland’s Fintech credibility, describinb Ireland as “fertile ground for the best and brightest talent in the world in Fintech.”