Enhancing fintech programs, empowering innovation
April 25, 2024Mastercard introduces new capabilities and benefits for Engage and Fintech Express, making it easier for fintech partners to bring new solutions to market
Mastercard is enhancing the Engage program and 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 benefits for partners and a self-service portal that enables fintechs to access exclusive resources, increase brand visibility and secure localized support. As for Fintech Express, Mastercard is introducing an end-to-end experience for card issuance and will be adding 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 expedite their migration to digital (e.g., embedding tokenization, Click to Pay or push provisioning capabilities) and can help deploy technologies related to open banking, installments and more. Engage also features a new search tool that gives customers more detailed information about partners, including contact details, case studies and service descriptions so they can more efficiently locate the right partners to help them build and deploy new solutions. In turn, partners can boost their own growth through access to exclusive resources such as dedicated educational sessions, localized support, promotional opportunities and lead generation tools.
More than 170 qualified partners are part of the Engage program today. Entrust, FOO, Giesecke+Devrient, HST, IDEMIA, Thales, Verestro and many others support deployment of more than 30 products and services from tokenization and digital wallets to Click to Pay and digital assets. Over the last 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 deploy payment solutions
In the fast-paced, dynamic fintech industry, speed to market is crucial. Fintech Express helps fintechs get their payment products up and running quickly – and with transparency at every step.
In the case of card issuance, Fintech Express enables fintechs to launch a card in as fast as 15 days. Fintech Express uses a single platform to digitize the onboarding experience for all partners involved in deploying 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 such as Banco Dondé, Dock, Evertec, Galileo, Pomelo and Swap. Fintech Express is live today for card issuance in Brazil and Mexico; additional use cases and markets including the U.S. will follow with partners including Community Federal Savings Bank, i2c and Perfect Plastic Printing.
Beyond card issuance, Fintech Express will soon provide simple onboarding for additional solutions globally such as Mastercard Merchant Presented QR (MCQR) and Tap on Phone as well as enterprise payment solutions via Mastercard Gateway which offers a single connection to help customers accept payments globally and expand into new markets more easily.
Mastercard’s fintech-focused programs and solutions, including Engage and Fintech Express, empower partners to grow and scale quickly, address customer needs and push the boundaries of what’s next in digital payments. Learn more about Mastercard’s full suite of fintech offerings here.
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About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.