Mastercard expands its Product Express platform in MENA, Europe
By Gloria Mathias
Mastercard has announced the expansion of its Product Express platform in Africa and the Middle East, Europe, North America, and more markets in Latin America to help FinTechs launch card programs quickly and through a process that’s simple and transparent.
Mastercard Product Express is designed for FinTechs. It enables the innovation necessary to meet their customer needs and helps reduce their time to market by providing them with the tools, resources, and partners required to launch and scale.
Through the platform, FinTechs can easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and have the ability to track progress in full transparency across all steps to be completed by all parties. This allows them to drastically reduce the time to market, with the platform providing a way for fintechs to launch card programs in as fast as 15 days.
Jennifer Premisler, Senior Vice President of FinTech Solutions at Mastercard, said, “We are thrilled to be expanding the reach of the Product Express to more partners, more regions, and more solutions. By creating a better experience for all parties, we foster innovation and reduce time to market.”
Ricardo Dantas, CEO of Foxbit in Brazil, said, “The partnership with Mastercard through the Product Express platform brought many benefits to Foxbit. The onboarding process was simple and efficient, allowing quick and secure integration into Mastercard services. The platform not only expedited our entry into the global payments ecosystem but also strengthened our ability to offer innovative and trustworthy solutions in the crypto market.”
The platform also empowers partners to deliver exceptional experiences, helping their FinTech clients excel in a competitive market. Beyond card issuance, Product Express will soon provide simple, fast, and transparent onboarding for additional solutions to enable global payment acceptance.
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November 08, 2024