Marqeta and Deloitte announce alliance to accelerate payment modernisation

By Edlyn Cardoza

Deloitte and Marqeta, the global modern card issuing platform, announced a strategic alliance to provide innovative payment solutions and accelerate the payment modernisation efforts of banks, FinTechs, and payments providers.

“Deloitte is a trusted name in the payments and banking ecosystem, and we’re proud to announce this new strategic alliance to help us reach even more innovators,” said Simon Khalaf, Chief Product Officer, Marqeta. “By collaborating with Deloitte, we can bring joint go-to-market solutions to life for customers that are seeking to enhance their offerings through payments. Our modern card issuing platform enables our customers to instantly onboard accounts, issue physical and virtual cards and push to digital wallets to allow for immediate spending, while also providing personalized experiences to consumers through our flexible APIs.”

The alliance combines the benefits of Deloitte’s payments expertise and consulting services, including digital transformation, strategy and operations, and analytics, with Marqeta’s API-driven platform, which enables customers to implement seamless and customized payments experiences that meet the needs of today’s consumers.

With the multitude of payment options available today, card providers must bring differentiated value to their customers to remain competitive. Consumers want innovative and secure payment options that are convenient, expedited, and personalised. The alliance between Deloitte and Marqeta is designed to help companies in the payments ecosystem create scalable, innovative digital payment solutions and experiences designed to increase customer loyalty and drive value.

“The future of payments is digital modernization, and we are focused on advising our clients on ways to engage in a strategic, regulated and compliant way,” said Zachary Aron, Principal, Deloitte Consulting LLP, and U.S. Banking And Capital Markets Payments Leader. “We believe this alliance with Marqeta will further drive business growth for Deloitte and will help our clients deliver innovative payment experiences to their customers.”

Marqeta’s modern card issuing platform empowers its customers to create customised and innovative payment cards. Marqeta’s platform, powered by open APIs, allows its customers to build more configurable and flexible payment experiences, accelerating product development and democratising access to card-issuing technology.