Archives

October 22, 2021 @ 9:18 am By Omar Faridi  |  

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

October 19, 2021 @ 12:00 pm By JD Alois  |  

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

October 19, 2021 @ 9:41 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Previse announced on October 18, 2021 the integration of Mastercard Cross-Border Services – an international push payments platform that allows funds to be sent seamlessly, securely and with “certainty” to any account – into Previse’s InstantPay platform. The collaboration will “enable… Read More

October 11, 2021 @ 10:42 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Citi (NYSE: C) have formed a new partnership in order to support local residents and small businesses via greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two international firms will aim to “bring their… Read More

September 29, 2021 @ 10:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More

September 23, 2021 @ 8:36 am By JD Alois  |  

Mastercard has announced the launch of Strive UK a project designed to assist micro and smaller firms adapt to the ongoing digital transformation. An initiative created by the Mastercard Center for Inclusive Growth, the program aims to empower SMEs in the UK to succeed in… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

September 9, 2021 @ 8:28 pm By JD Alois  |  

MasterCard (NYSE: MA)  will acquire CipherTrace a top digital asset firm focused on tracking, data, and security, for an undisclosed amount. CipherTrace currently works with many top banks and other financial institutions to provide solutions for some of the largest banks, exchanges, and other financial… Read More

August 13, 2021 @ 3:32 pm By Omar Faridi  |  

Global startup engagement program Mastercard Start Path is welcoming 11 Fintechs to receive dedicated support, access to clients and product development teams, and opportunities to engage in innovative projects. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have reportedly… Read More

August 5, 2021 @ 10:19 pm By Omar Faridi  |  

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… Read More

June 27, 2021 @ 10:55 pm By Omar Faridi  |  

Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which allow clients to flip freely between spending via their debit and credit card accounts. Mox… Read More

June 25, 2021 @ 12:24 pm By Omar Faridi  |  

Deserve, a provider of white-label mobile-centric API and (software development kit) SDK-based credit card tech, has secured $50 million in capital through a Series D round that was led by Mastercard. Mission Holdings and Ally Ventures also co-led Deserve’s latest investment round, along with contributions… Read More

May 24, 2021 @ 11:05 pm By Omar Faridi  |  

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

May 18, 2021 @ 3:08 pm By Samantha Hurst  |  

Mastercard announced on Monday it named European challenger bank Bunq the first European issuer to launch Mastercard’s True Name feature across Europe to support transgender and non-binary communities. According to Mastercard, the feature enables cardholders to leverage their chosen name on their card offerings, removing… Read More

April 19, 2021 @ 4:10 pm By Samantha Hurst  |  

    Mastercard announced on Monday it has acquired digital identity platform Ekata for $850 million. According to Mastercard, Ekata works with global merchants, financial institutions, travel companies, marketplaces, and digital currency platforms. It notably uses insights to deliver unique scores, data attributes and risk… Read More

April 12, 2021 @ 11:38 am By Samantha Hurst  |  

Mastercard announced on Monday it has joined forces with Swedish fintech Doconomy to develop the Mastercard Carbon Calculator, a feature specifically for banks to adapt and customize for eco-conscious consumers to monitor their spending habits. “The Carbon Calculator enables consumers to receive a snapshot of… Read More

April 7, 2021 @ 1:28 pm By Samantha Hurst  |  

    Opportunity Financial, LLC (OppFi), a U.S.-based fintech platform that powers banks to help the everyday consumer gain access to credit, announced on Wednesday it has joined forces with Mastercard, First Electronic Bank and Deserve to launch OppFi Card, which is a new mobile-first credit… Read More

March 11, 2021 @ 7:54 am By Samantha Hurst  |  

Payoneer Inc., the global payment and commerce-enabling platform, announced on Wednesday it has joined forces with Mastercard to launch the Payoneer Digital Purchasing Mastercard, which is a tailor-made purchase card specifically for small to mid-sized businesses, eCommerce sellers, and freelancers worldwide. Payoneer reported that through… Read More

February 11, 2021 @ 3:14 pm By Samantha Hurst  |  

  Mastercard announced on Wednesday it is set to bring cryptocurrency to its network. The financial giant reported that this is a big change that will require a lot of work and it will be very thoughtful about which assets we support based on its principles… Read More

February 9, 2021 @ 11:02 am By Samantha Hurst  |  

    Clair, a U.S.-based social impact embedded fintech startup, announced on Tuesday the rollout of its new Mastercard debit card. The card was specifically created to provide financial wellness for American non-exempt workers.  Clair reported that users who sign up for its platform will… Read More