Through the Mastercard Developers portfolio, Mastercard has been actively expanding its platform capabilities, offering a variety of differentiated services to power innovative ways to pay, improve the consumer experience, and inject trust across the payments ecosystem.
Acquisitions like as Aiia, CipherTrace, Ekata, Ethoca, Finicity, and NuData, as well as aggressive expansion of home-grown services on Mastercard’s platform, provide a rich portfolio of capabilities for partners to innovate. Building with Mastercard is now easier than ever.
“We’re making it super easy for fintech innovators to unleash the vast utility and scale of the Mastercard network to power new solutions,” said Oran Cummins, executive vice president, Developer First Product and Engineering.
“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.”
The new digital age spawns a new set of players who are keen to co-create and innovate on our network. Therefore, providing a single point of entry to technology, products, and partnerships as well as flexibility is the company’s priority.
Through fintech partnerships in 172 countries, Mastercard is powering innovation and delivering seamless experiences that accelerate our multi-rail strategy and enable a more financially inclusive future for all.
Customers around the world, including TomoCredit, Superdigital of PagoNxt company from Santander Group, and Zeta are already engaged in the Mastercard Developers portfolio. In the U.S., Mastercard partnered with TomoCredit to help people form healthy financial habits through a next-generation credit product.
“We wanted to build an offering that would help the millions of Americans who can’t access affordable credit, and we knew Mastercard had the right technology and infrastructure to help us turn this bold idea into a reality,” said Kristy Kim, CEO of TomoCredit.
“We worked closely with Mastercard and Finicity to bring our proprietary underwriting system together with Mastercard’s open banking solution to offer inclusive credit products for the next generation of customers.”
Consumers today expect seamless digital payment experiences. That is why fintech companies in Latin America and the Caribbean now have a combined portfolio of more than 100 million Mastercard digital cards.
The company’s continued commitment to enabling customers such as Superdigital, a global and digital platform for economic inclusion, to build out their digital-first consumer journey is demonstrated by 143% growth in Mastercard’s fintech portfolio in the region over the last three years.
“Today, there are still an impressive 300 million unbanked and underbanked people in Latin America. Therefore, it’s essential to look ahead to reach economic inclusion and change lives,” said Leopoldo Martinez, Global CEO of Superdigital.
“It’s in this way that Superdigital joined with Mastercard, to help us provide a seamless digital-first payment experience in addition to financial literacy tools to accelerate our expansion into other markets. We are looking forward to the next phase of our partnership.”
Banking tech startup Zeta is contributing to the rapid digital transformation that makes consumers’ lives more convenient, simple, and rewarding. Zeta helps banks and fintech companies to launch rich, modern credit card experiences for their customers on a cloud-native solution with 100% API coverage.
Mastercard and Zeta’s long-standing partnership began in 2018 when the company joined the Mastercard Start Path program and continues to gain momentum. Looking ahead, Zeta will also participate in Mastercard’s digital enablement programs such as Digital First and Fintech Express.
Through the ever-growing Mastercard Developers portfolio, Mastercard is continuing to partner, collaborate, and invest in what’s next – the marketplace, creator, and crypto economies, to name a few – and provide the tools to take these innovative solutions to billions of consumers.