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December 5, 2019

Mastercard partners with seven fintechs to promote digital payments

Mastercard has partnered with seven fintech start-ups from around the world to promote the adoption of digital payments.

The selected partners will join Mastercard’s Accelerate programme. They will be provided with operational support and business opportunities within the Mastercard ecosystem.

They will join Mastercard’s start-up engagement platform known as Start Path, where later-stage start-ups are called to take part in a six-month virtual programme. The participants are also given opportunities to expand and get investments.

Mastercard has chosen the seven start-ups after searching 210 countries across the world. The selected start-ups are BharatPe, Cyberwrite, Hydrogen, Eureka AI, Kasha, mmuze, and Ziosk.

India-based B2B payments start-up BharatPe operates as a digital bank, Cyberwrite offers its SaaS platform to protect against cyber risk, while Eureka AI helps firms to tap the power of AI.

Hydrogen allows users to build modern financial applications using a single platform, Kasha manages an e-commerce platform in Africa, mmuze operates as a voice-shopping platform, and Ziosk offers pay-on-demand solution for casual dining restaurants.

Mastercard founded its Start Path accelerator programme in 2014. Using this programme, the American payment technology firm assesses thousands of start-ups and chooses nearly 40 promising firms on an annual basis.

Through its Start Path programme, Mastercard has so far selected over 200 start-ups that have raised $1.5bn in funding.

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