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September 12, 2017

Canadian fintech Stack teams up with Mastercard for digital money accounts

Canadian fintech startup Stack has teamed up with Mastercard to roll out its digital money accounts with mobile tap-to-pay feature.

Stack said that its accounts will feature a chip-and-pin Mastercard-branded prepaid card, which has been designed to offer secure point-of-sale access to retailers and ATM networks across the globe.

Additionally, the card will provide purchase protection on every transaction.

Stack co-founder and CEO Miro Pavletic said: “Partnering with Mastercard supports our mission to provide a better alternative to traditional financial services, without compromising convenience or reliability.

“Mastercard is a trusted technology expert in the payments industry, and we’re committed to working with the best of the best.”

Mastercard vice president of market development in Canada Patrick Sulston said: “Canadians want to manage their money on their own terms and Stack is giving them that ability.

“With a Mastercard prepaid card inside the Stack app, Canadians can easily, securely and conveniently access their funds and shop in-store and online.”

The announcement by Stack comes just two weeks ahead of its official Beta launch, for which more than 20,000 Canadian users have registered.

Stack’s new app provides a smarter way to spend, save and share money, straight from smartphone. The app will provide access to multi-currency and crypto wallets as part of a 360-degree solution to personal finance.

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