Pagaya Technologies (NASDAQ: PGY) says it is joining the Mastercard Engage program.
The program seeks to connect qualified Fintechs to banks, merchants, and more to help them accelerate product innovation through access to the company’s global network. As part of the program, Pagaya’s AI network is expected to facilitate better and faster credit decisions that will provide installment loan opportunities for Mastercard’s customers at the point-of-sale (POS).
The Engage program currently supports over 170 partners, including Pagaya. Engage partners have reportedly signed hundreds of commercial deals with Mastercard customers.