MasterCard has expanded the availability of Product Express, its platform that helps FinTechs launch card programs and other payment solutions.
Formerly known as Fintech ExpressProduct Express was introduced in select Latin American markets earlier this year and is now available in Africa, the Middle East, Europe, North America and other Latin American markets, the company announced Thursday October 24. press release.
“By creating a better experience for all parties, we drive innovation and reduce time to market” Jennifer Premislersenior vice president of FinTech solutions at Mastercard, said in the release.
Mastercard Product Express provides FinTechs with access to tools, resources and partners to help them launch and scale card programs and other payment solutions, according to the release.
In the first year of its launch, the platform added sponsors, processors and bank identification number (BIN) program managers like Blusalt, Episode six, FOO, Giftstarr, i2c, Map Nym, Optimus, Paymentology And Wema Bankindicates the press release.
The platform allows FinTechs to select a product, choose certified partners to implement it, and track the progress of all parties involved in product development, depending on the release.
A FinTech that used the Product Express platform, Fox cockfound that it offered a simple onboarding process and fast, secure integration into Mastercard services, according to the release.
“The platform has not only accelerated our entry into the global payments ecosystem, but also strengthened our ability to offer innovative and reliable solutions in the crypto market,” Ricardo Dantas, CEO of Foxbit, said in the release. .
Mastercard added a card issue feature to the platform then known as Fintech Express in April, along with other platform enhancements and Get involvedits partner program designed to help customers create and deploy new solutions.
Engage, launched seven years ago, includes a self-service portal that allows FinTechs to access exclusive resources, increase visibility and secure localized support.
In its press release on Thursday, Mastercard said that Product Express will soon facilitate the integration of additional solutions that will enable acceptance of global payments. Beyond card issuance, these capabilities will include Acceptance solutions and Mastercard Gateway.
