Fintech
Improve fintech programs, enhance innovation
Mastercard introduces new features and benefits for Engage and Fintech Express, making it easier for fintech partners to bring new solutions to market
Mastercard is improving the Engage program e Fintech Express platform, making it even easier for fintechs and enablers to partner with Mastercard1 to quickly build and deploy solutions globally. Engage now includes new partner benefits and a self-service portal that allows fintechs to access exclusive resources, increase brand visibility and ensure localized support. As for Fintech Express, Mastercard is introducing an end-to-end card issuing experience and will add applications for Tap on Phone, Mastercard Gateway, QR acceptance and more, helping fintechs accelerate from application to launch in a simple, fast and transparent way.
Enabling new solutions through a one-to-many approach
Mastercard Engage connects a network of qualified enablers to any customer – banks, merchants, payment service providers (PSPs), fintechs – to help them accelerate their digital migration (for example, by incorporating tokenization, Click to Pay or provisioning capabilities push) and can help implement technologies related to open banking, installments and more. Engage also presents something new search tool which provides customers with more detailed partner information, including contact details, case studies and service descriptions so they can more efficiently locate the right partners to help them create and implement new solutions. In turn, partners can stimulate their own growth through access to exclusive resources such as dedicated training sessions, localized support, promotional opportunities and lead generation tools.
Today, more than 170 qualified partners are part of the Engage program. Trust, MORE, Giesecke+Devrient, HST, IDEMIA, Thales, Verestrò and many more support the implementation of more than 30 products and services, from tokenization and digital wallets to Click to Pay and digital assets. Over the past six years, more than 500 million cards have been equipped with a Mastercard product through the Engage program.
Offering a simple, fast and transparent way to implement payment solutions
In the dynamic and fast-paced fintech industry, speed to market is critical. Fintech Express helps fintechs operationalize their payment products quickly and with transparency at every stage.
In the case of card issuing, Fintech Express allows fintechs to launch a card in just 15 days. Fintech Express uses a single platform to digitize the onboarding experience for all partners involved in implementing a payment solution and eliminates the need to provide the same information multiple times. Fintechs can easily select the payment solution that best meets their needs and tap into Mastercard’s ecosystem of qualified partners from the Engage program as Dondé Bank, Docks, Evertec, Galileo, Pomelo AND Exchange. Fintech Express is active today for issuing cards in Brazil and Mexico; additional use cases and markets will follow, including the US, with partners included Community Federal Savings Bank, i2c AND Perfect print on plastic.
In addition to card issuance, Fintech Express will soon provide simple onboarding for additional global solutions such as Mastercard Merchant Presented QR (MCQR) and Tap on Phone, as well as business payment solutions via Mastercard Gateway offering a single connection to help customers customers to accept payments globally and expand into new markets more easily.
Mastercard’s fintech-focused programs and solutions, including Engage and Fintech Express, enable partners to rapidly grow and scale, meet customer needs, and push the boundaries of the future of digital payments. Learn more about Mastercard’s full suite of fintech offerings Here.