Marqeta joins Mastercard’s Network Enablement Partner Program in APAC

By Leandra Monteiro

Marqeta announced that it is part of the first cohort of companies to join Mastercard’s Network Enablement Partner (NEP) program in the Asia Pacific region. As a Network Enablement Partner, Marqeta can offer its customers throughout the APAC region live issuance on a faster timeline.

The NEP program provides Marqeta with access to Mastercard’s core infrastructure: its network, reach, solutions and information. With NEP, Marqeta is able to empower its Asia-Pacific customers to scale more quickly across multiple geographies, accelerate product innovation, and optimise performance and efficiency.

“Our partnerships throughout the world are critical to our success in new regions,” said Melissa Keir, VP of Global Expansion at Marqeta. “We’re proud to be among the first cohort of Partners to be welcomed by Mastercard into the NEP program in APAC. We look forward to working closely together to strengthen our existing relationship and bring more value to our customers in APAC.”

Marqeta is initially targeting FinTechs and local disruptors across APAC that are looking to transform payments by creating digital-first, seamless customer experiences. These new markets are all committed to improving payment infrastructure and will be well-served by Marqeta and Mastercard through this partnership.

“As one of Mastercard’s first Network Enablement Partners to be onboarded in the Asia Pacific region, Marqeta is well-equipped to deliver card issuances in record time, and to help their fintech customers scale at speed across multiple geographies. By connecting directly with Mastercard through the NEP program, Marqeta enjoys privileged access to priceless information, training and resources that ultimately benefit their customers in the form of optimized performance and operational efficiency,” said Ben Gilbey, Senior Vice President, Digital Consumer Solutions, Asia Pacific, Mastercard.

With the recent announcement of new certifications in APAC, Marqeta’s platform is now enabled in multiple countries across the Asia Pacific region, having announced its Australian office in 2021. The company plans to establish Singapore as its Asia Pacific regional hub, building a broader team to support the region in 2022.